BNB and BTC analysis Wednesday May 18, 2022

VCGamers analyzes the movement of BNB/USDT and BTC/USDT crypto assets.

This analysis is carried out to predict whether the movement of the two crypto assets will be bullish or bearish.

Let's take a look at VCGamers's analysis!

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Also read: Benefits and Risks of Crypto Investment

BNB/USDT analysis

Based on market conditions this afternoon, there are 2 predictions related to the movement of BNB/USDT.

This is because it has formed a symmetrical triangle pattern where the market can be BULL/Increase or BEAR/Decrease.

If the market is bearish/falling then it will go to support $255,- on the count of 3 which is measured by the Elliot Impulse Wave and also supported by the Close Candle on TF-4H with Bearish Engleping.

Second, if the market is bullish/rising, the market is still in the Ascending Channel area which is heading for resistance at the price of $346,- / $370,-

Also read: Want to Invest in Crypto? Pay Attention to These 5 Things

BTC/USDT analysis

BTC May 18th okay — BTC/USDT May 18, 2022.

Meanwhile, BTC/USDT market conditions this afternoon after forming a Symmetrical Triangle and supported by a close candle on TF-4H bearish engleping
then the market will fall to support the price of $29.143,- / $27.459,-.

Then, it is predicted that it will rise again to resistance $31.461,- / $32.541,–.

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We must fully understand the risks and benefits of these activities.