BNB/USDT Short-Term 1H

Hello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line.

After unfolding the trend based fib extension grid, you can see support at $311, and then a support zone from $299 to $293.

Looking the other way, strong resistance appears at $324, followed by a resistance zone from $338 to $345.

The RSI indicator is recovering with room for further decline, while the STOCH indicator has a temporary rebound, which keeps the price falling.