Looks like Tezos is forming a very similar pattern to BTC. I don’t like the continuation pattern after the last rise in price. It seems to me as if we’re heading for another dip. Look for support at 2.30$ or even possibly 1.90$.
Looking on the daily chart BNBUSDT we can see that the previous uptrend has retraced to the 50% fib level. Just going by fibs, BNB will either break down to the $17.60 or even $12.60 area, or continue it's uptrend to the 1.272 or 1.414 fib level, reaching prices of roughly $55.
People, this is just an idea. So, don't take me literally.
2.45$ marks the .500 fib retracement level of the current correction. There is also confluence on this level from a prior peak before its subsequent correction. You can also see how accurately the current correction is following the pitchfork lane. If you intend to go long on Ripple, I am pretty confident in and around 2.45$ is your entry point. I certainly will....
I am pretty confident BCH is about to make a move. Once BTC holders start taking profits, we will see a new spike towards the 1.0 and 1.272 Fib marks, and quite possibly beyond that point.
The trend line has been tested at 3 occasions on the 3h scale, and proved sustainable. Therefore I do not expect a break of that trend.
DMI is currently still slightly bearish,...