So, what will happen to BTC USDT?
We have mixed signals on 2H:
In favor of correction continuation:
Lower high and lower low, so we are un down trend
Death cross (MA 50 crossing MA200)
In favor of reversal:
Divergence on RSI and MACD
Wait and see.
IOTAUSDT show some reversal signals:
Decreasing volume while increasing price
If IOTAUSDT break the trend, reversal can happens, and it can be powerfull. Be aware.
The setup can be cancelled if IOTA show us a nice pump.
Welcome on this BNB analyse, my currently favorite coin.
BNB just touch all time high few days ago, we are in correction trend.
We can wait break out to open a long position, be aware about ahead of resistance.
If we correct further, a position can be open on the previous resistance at 20$
Be aware, uptrend can change at any moment:
RSI & MACD divergences: divergence is when the price of is moving in the opposite direction of an indicator. Divergence says the trend is weak, and that can lead to price changing direction.
Volume decrease: fewer peoples are interested, the direction can change easily