One more drop to 185First, we look at BNB/BTC on weekly chart
BINANCE:BNBBTC has the support around 0.006881
- MACD divergence
- Weaken Selling Pressure shows on Volume
So I expect price will bounce back when hit the support
Second, we look at BNB/USDT on daily chart
After, BINANCE:BNBUSDT has broken down the support and dropped to 203.4
Now, it's pulling back to the resistance 235
I expect Binance Coin will down more to 185 if it's failed at resistance zone
Wait and see next move
SHORTORDER
Breakdown the support | Short BiasDaily Chart
BINANCE:RNDRUSDT has broken down the support and now it's retesting to drop again.
Render Token has the support at lower line of ascending channel.
So wait for rejecting and short
Two scenarios for this rangeDaily Chart
BINANCE:HBARUSDT has Break of Structure after reached to 0.099 then HBAR's downed to 0.04 (786 Fib Re)
So HBAR has two scenarios right now
#1 - Price break down ascending trend line acts the support and down to 0.4 again
#2 - Price goes up along ascending trend line and test the resistance at 0.065
I more likely #1 because BTC can down a little bit
Wait for a next move
Pulling back to 1.8x | Short BiasRender Token BINANCE:RNDRUSDT has broken down the ascending trend line and pulling back now
It's trading at 1.80x
RNDR has a resistance around 1.88x and can short at that level
Wait for a confirmation around there to open position
Support Level for long-term, $14831On weekly chart
Look back to the past, BITSTAMP:BTCUSD dropped in range 72 - 84% at least 56% in 2020 (Covid).
Right now, BTC's dropped over 74% from ATH and it goes on downing.
I figured out a Fibo Cluster around 14800 with FiboExtension, FiboRetracement and previous ATH in 2020 acts as a support. You can see these in chart.
What next, wait and see
The train is coming to station, catch up when it stopOn daily chart
After Covid-19 happened, the crypto market has reached and created All Time High. Binance Chain's ATH at $691,8
Recently, it's moving down and swing around $200 when I post this analysis.
BNB's in the correction wave, exact zigzac wave with Wave C = 1.382 Wave A equal $120.
I figured out that level by Fibonacci Extension and Retracement
We hope to BINANCE:BNBUSDT might be complete the fifth wave at $2,000 after bounce back the support
Time will tell
LUNA might be in the correction flat wave ABCOn daily chart
BINANCE:LUNAUSD has completed the impulse wave at 106 within golden ratio 1.618 Fib at the fourth wave.
After that, LUNA is pulled back to 44 which level is the wave A. Wave B has been happening around 100.
If price can't surge ATH, LUNA will happen wave C come back to around 55.
Wait and see
Still in the correction wave, around 1.0On daily chart
Enjin Coin BINANCE:ENJUSDT is in the correction wave ABC.
Wave A might be at 1.0 within the fourth wave has been progressing which has target in range 1.7 - 1.9
After that, the fifth wave will be end wave A
Wait and see
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What will happen, case 1 or case 2ETH is trading at 2600, right now.
BINANCE:ETHUSDT has been decreasing from ATH with four waves. So the fourth wave has done?
In my opinion, I think it's been happening with complex wave ABC. But it can be the impulse wave with the second wave which has done at 2500.
*** We have the invalidation level at 3920 ***
The fifth wave of target is 1580 with 1.382 Fib of third wave. (Case 1)
The impulse wave might be go up to 5000. (Case 2)
[UPDATE] Flat Wave Fantom - $1.7On daily chart, BINANCE:FTMUSDT has been creating the flat wave ABC with target of wave C around 1.7 dollars.
4H TF:
FTM is in descending channel
Seem fourth wave has been done at 2.41 after that, fifth wave is happening to back to 1.7.
Wait and see.
If my idea is helpful, hit the like button. Appreciate 🙏!
GALA, the diagonal waveBased on 4H TF, I found a diagonal wave with target of fifth wave around 0.44
After the surging wave, seem BINGX:GALAUSDT is exhausted.
Let's wait and see.
At this case, we have two options
1. Long order when price hit the support 0.345.
2. Short order when price hit target of 5th wave but higher risk because blowoff in diagonal wave. Besides, we can short when price down to below 0.34
Let's DYOR before you trade. My idea is not an advice.
Let's like if it helpful. Appreciate!