BNB and BTC analysis August 8, 2022

VCGamers conducted an analysis of BNB and BTC on Monday 8 August 2022. This was done by observing the movements of the two crypto assets.

VCGamers also analyzes the movement of these crypto assets to be able to predict their potential movements.

Previously, let's see how the movement of the two crypto assets!

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BNB analysis

Based on VCGamers' analysis, last week's BNB/USDT close candle market formed a Bullish Hammer Candle with a Full Body candle which is likely to be dominated this month by a Bullish market with the aim of resistance at $356,- / $429,-.

Meanwhile for daily analysis, yesterday's market candle close formed a Bullish Hammer Candle.

The possibility for this week is still bullish market conditions with the aim of resistance at the price of $331,- / $345,- which is supported by the Bullish Pattern.

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BTC analysis

VCGamers also analyzed BTC/USDT last week and yesterday.

From this analysis, the close candle on the BTC/USDT market last week formed a Bullish Hammer Candle which is likely for the market next week or this month the market is still bullish.

For daily, the daily Close Candle forms an Inverted Hammer which is likely for this week the market will still be dominated by the bullish market with the aim of resistance at the price of $24.351,- / $25.508,-.

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Keep doing your own research (DYOR) before deciding to commit crypto investment. This is needed so that you know the fundamentals of the chosen crypto asset.

Investing in crypto is a high-risk activity. So, you should be able to find out and collect as much information as possible about a crypto asset.