on BNB
support is a long term uptrend with a horizontal resistance at 657.
The Apex of the triangle pattern is closing in and price action in is respecting the upper bounds of the formation.
Validation will be confirmed by an increase in volume, and a clear daily candle above the resistance
Entry could be found with a break and retest on the lower...
Cup and Handle forming on BTC 4 hour chart.
A breakout and retest of the 59k level after a consolidation period over the next 24 hours will confirm the pattern.
Target: 64334
Preferred increase in volume and price to stay above 50% of the cup. 56k approximately.
Entry level 59k - 60k
BTC is forming a bear flag on the 4 hour / 1 hour Chart.
Decreased volume as the market continues in a slight upward channel, will provide confluence for the flag, by way of a bearish divergence:
Price up/Volume down
Approximated target from a breakdown in the next 24 hours is: 48400 - 48700.
SHORT near term trade
4 hour chart showing signs of a double bottom pattern, confirmation should be an increase to the 60k mark(yellow line), which is also a break of the previous lower high, and strong resistance.
A break and retest of the 60k making it support, gives a technical target of 65k in the short term.
An increase in volume is preferred to push the price through the resistance.
