Due to the formation of the cup pattern and the breaking of its neck in the 2-hour timeframe, we expect the price to increase to / 1223. Due to the decreasing trend of the market price, we choose our loss limit.
Expecting BNB to draw the W pattern which may lead to the upside. Hopefully it will play out in our favor
pattern, volume, and trend metrics all support substantially lower lows for BNB/ETH based on a 1.618 fib retracement, an eventual move back to the January open is not unlikely
Trade your ETH for BNB at/in-between the green prices listed on chart
Price action breaks through the neckline of the head and shoulders pattern on the above 4-day chart confirming it as resistance at the same time the 21-week EMA fails to act as support (yellow line). Lastly RSI drops below 50 (green circle) following the overbought condition (green column), it is now very probable price action bleeds against Ethereum in the weeks...
A H&S failure could be in place
Another good market these days is Binance coin vs eth. As you can see in the 4-hour chart and time frame, we have both an ascending channel and an ascending triangle! This promises a 10% profit for us. This is a personal opinion and its use depends on your knowledge of technical analysis and review. Good luck and profitable.
ETH did it's marvelous advancement leading large CAPS into ATH. Now BNBETH is at a very strong support on the daily and weekly charts. I see it is time to move the funds from ETH to BNB and ride the wave from there for BNB to advance and make new ATH vs BTC and USD and ETH along.
Fasten your seat belts. Not a financial advice.
This is not as much Technical Analysis as it is Fundamentals, or more specifically, just my opinion. When I recommend friends and family to crypto, I don't usually recommend Bitcoin BTC. I tell them about Etherium ETH and Binance BNB. I admit that BTC is a work of art and a saving Grace, in a sense, but it’s heavily shrouded in mystery. It leaves more questions...
BNBETH pair has reached the low of the Kumo Cloud which coincide with the lower line of a symmetrical wedge. The projected Cloud is bullish, so one could expect support around the 0.223 level. Even a breakout below could be absorbed, due to the bullish projected cloud. At current levels it is a wait and hold situation for potential Eth buyers, since chances are...
What if Binance Smart Chain is not the new paradigm we were all hoping it would be? ETH should step back into the limelight. Let's check back on this chart in a few weeks...
I like CZ despite Binance discriminating against us USA residents and kicking me off ! But its Vitalik's time to take back the role of savior of the blockchain.