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DAILY CRYPTO TECHNICAL OUTLOOK

BTC

Sitting quite well on the strong $23.5k support zone. Further reaction of price on this zone will determine if we are bullish or bearish short term on BTC.

ETH

Also trading at the support zone as well with no impulsive price movements just yet. I expect this zone to be defended though as it is a strong support zone. The trend remains bullish which is a good sign for the bulls.

BNB 

Has broken through the trendline support and is currently trading at the support zone. Should this zone fail to hold up, we may see price fall freely to $275 which is the next major support zone as the support at $300 is a minor one which can easily give way to price.

 SOLANA

Trading at support too while price is also rejecting nicely from the support zone, we might see price trade up to the resistance zone again.

MATIC

Matic broke through the trendline support and has gone into the support zone. Should we lose this level, a downtrend might be on the cards.

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Comments

  • Avatar
    Felix Aikhuele
    August 17, 2022

    Scared for BNB levels hopefully it holds.

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