BNB and BTC analysis Monday 23 May 2022

VCGamers is back to analyzing the movement of crypto assets bnb/USDT and BTC/USDT as of today, Monday 23 May 2022.

This analysis is conducted to predict the movement of BNB/USDT and BTC/USDT today.

Let's see the review!

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BNB/USDT analysis

Market conditions this afternoon are forming an Ascending Channel Pattern towards resistance $323,- / $328,-.

After that, it is predicted to form a Rising Wedge Bearish Pattern market and will return to support $319,-/$317,- / $312 / deepest at $305,- for TF-1H, which is also supported by a Close Cadle Bullish Engleping.

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BTC/USDT analysis

The BTC/USDT crypto asset is predicted to increase by around 7.3% or at a price of $41.673,- today.

This increase is also supported by the Cadle Bullish Hammer and the Double Bottom Pattern which are predicted to rise to resistance at $42.785,-.

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Investing in crypto is a risky activity. Always do your own research (DYOR) when you want to invest.

Make sure that you are aware of the risks and benefits of investing in crypto assets.

Apart from that, also know about the fundamentals of the crypto project you choose to invest in.