BNB is facing a strong resistance. I expect the price to re-test the green zone (around 292-307) and move towards the targets.
P.S This analysis is cancelled if BTC fails to maintain above 35K support.
Following prediction is an update for the 16 April analysis (Title: Buying Opportunity ahead for Bitcoin).
So far, the price has exactly followed our arrow in the previous analysis. The ascending triangle has been broken, BTC lost the 60-62k level, and price has just touched the demand zone of 40-46k. The 16 April analysis was pretty much a short signal...
Litecoin is bullish in either scenario. Although I expect movement inside the uptrend channel, still there is the possibility of parabolic move.
Risky buy price: $300-$320
Safe buy price: $225-240 (you might end up missing it though)
+ Potential Cup and Handle Pattern
+ Nice re-test of the ascending triangle plus continuation
+ The strongest supply zone ever is about to break out
+ If BTC dominance loses its main support, ETH/BTC will defiantly fly to the MOON.
Bitcoin is bullish at big timeframes. However, it is not strong enough to jump directly from this level. There is a clear sign of weakness coming from lack of momentum and the low volume leaves a chance for a relatively huge leg down before seeing higher numbers. This will be definitely a healthy correction but any lack of momentum is always a potential threat and...