BNB and BTC analysis Friday May 20, 2022

VCGamers wants to provide an analysis of the movement of crypto assets bnb/USDT and BTC/USDT today, Friday 20 May 2022.

This analysis is carried out to be able to predict the possible movement of the BNB and BTC crypto assets.

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BNB/USDT analysis

Current market conditions are still within the channel area using the Elliot Impulse Wave calculation.

Therefore, the market is predicted to head for the nearest resistance at the price of $313,-.

If it penetrates this resistance, the market will head towards resistance at prices $325,- to $327,-.

If it fails to maintain resistance at $313,- then the market will head for support $294,- / $286,-.

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BTC/USDT analysis

Market conditions this afternoon remained at the price of $30.210, - and are still in the Ascending Channel.

If calculated using the Elliot Correction Wave, the market is predicted to continue to rise to resistance $31.698 first.

If it is not strong enough to hold on to this resistance, the market will be the closest fullback support at the price of $29.730,- / $28.571,-.

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Investing in crypto assets is a risky activity. So, we must understand everything before deciding to invest.

Make sure that the investment is made based on personal decisions. Always do research (Do Your Own Research) before investing in crypto assets.