If BTC breaks below the current support level of around 50.5k, we could go lower to around 45k-ish support regions. To make a move higher to around 55k region and beyond, BTC must break and hold above the resistance marked by the blue line. The next few days will tell. Watch out for the next move around the highlighted areas and plan accordingly. DYOR.
MAV is one of my favourite token trading on binance. It's been on a driven bull run recently for whatever reason which I'm yet to put into consideration. However, I noticed MAV retraces to the 0.5 fib region after a bullish move. I believe this pattern would be repeated in the current retrace.
I have been following LINKUSDT for a while now and will give a breakdown of the analysis I did applying Fibonacci alongside trendlines, support/resistance, and candlesticks. 1. The market is currently bullish, making this somewhat easy to analyse. 2. The chart has been obeying the bullish channel and moving along smoothly. The previous resistance around $7.29...
This idea is solely for personal record purposes and not a piece of financial advice. Fingers crossed, lets see how it plays out.
This is something I learnt today and I'm keeping it just to be sure I got it right. I hope I am, cos I'm very optimistic about it.