Hello everyone, let’s take a look at the BNB to USDT chart on the 1D interval as you can see the price moves in the local uptrend channel marked by the blue lines.

Let’s start with the designation of the support line and as you can see the first support which has already rebounded once is $ 380, if the support breaks down, the next one is $ 359.

Now let’s move from the resistance line as you can see the first resistance is $ 400, if you can break it the next resistance will be $ 411 and $ 420 plus $ 430.

Looking at the CHOP indicator , we can see that in the 1D interval some energy has been used, but we still have a little more for the next move.
Despite a slight upward rebound, the MACD indicator shows that we are still in a downward trend.