Scenario 1: Continued Downtrend:
if the MACD crossover is confirmed (blue line below orange line) and the RSI dips further below 40, it could indicate a continuation of the downtrend.
Potential support levels to watch: $2400 (previous low) and $2000 (psychological level).
HEY TRADERS,
The market is pretty unreliable right now. however, there are bits and pieces here and there which signal upward momentum. Although the feds and the RUSSIAN invasion have ensured that we fall in the downtrend, still crypto market remains as unpredictable as ever before. Maybe Russia starts using BTC more and crypto adoption accelerates as a result of...
As per the chart, Bitcoin has retraced it's path as it has done previously and now touching at the bottom of it's support. It can get back break it's all time high by mid-July 2022. Double up your funds in 5 months from now.
WITH THE CURRENT ANALYSIS, BZRX is going to break upwords, and touch a potential of .33 in the coming days, before heading back to the support level of .2712
With the given level of support at 0.2712, BZRX has a huge potential to BREAKOUT up from this level and gain at least 15-18% as per the previous price hike. It's a really good time to get into long positions, and even for buying spot. this can easily go up to 0.33-0.36 in the coming days
Matic is at the upper Fibonacci level. and is facing a huge resistance. Im counting on a break out upwards as the momentum is uphill. Once we have a break out on this level, the price will land somewhere around 0.33-.36 in the immediate run.
In its long term rising trend. Matic/Usdt is touching the lower limit at 1.24 usdt/matic. The price here is a MAJOR support and it's going to bounce back. I'd say it's a great opportunity to long your positions here on Matic, and buy some spot holding.
For intraday, sell limits at 50% at 1.32 , 25% at 1.36 and 25% at 1.45
CHR/USDT has been oscillating between the range Resistance (upper limit) at 0.3600 and lower limit/support 0.3310.
A good point to buy CHR is at 0.3332 and sell trade must be placed at BINANCE:CHRUSDT 0.3545
