Was one of the few lagging layer 1s. Huge diagonal high time frame resistance at 0.117. If bitcoin doesn’t fall then I think it could break above to fib 0.618 and pull back and retest the diagonal resistance as support. That would be your long entry point.
My initial target of 44k has been met. This is clearly a low time frame downtrend. I’m expecting 2 thing in the coming days- A retest of 42.6k and a retest of the EMA 20 daily at 47/47.5k. I’m not very optimistic this month until bitcoin reclaims the EMA 20 on the daily.
Symmetrical triangle forming on the 1h chart. It’s a continuation pattern with a narrowing price range which indicates a breakout. It can be in either direction. I’m also looking at a hidden bearish divergence on the 1h which also indicates trend continuation. So I think there are moe chances of a downward move to my target of 43.9k.
This is an analysis of Ethereum in which I’ve used trend based Fibonacci extension to find the potential pivot points. Look how many times Ethereum got rejected at the 0.382 fib followed by a break above and a flip of that fib resistance to support. It easily moves to the next target of 3800 $ and found resistance there at 0.5 fib. It’s very useful as a trader and...
BnB is on the verge of a potential breakout. With the Key resistance level at 450$(swing) as well as fib 0.50 at 453. A close above this and BnB could be in for a run till 508$(fib 0.618).
#crypto #btc #bnb