dex in the crypto world. (Source: Freepik)
VCGamers performs analysis to predict the movement of crypto assets BNB/USDT today, Wednesday 20 April 2022.
In the following, we present the results of the analysis and predictions for the movement of BNB/USDT.
VCGamers analysis results based on the chart above, today's market conditions have formed a Bullish Double Bottom Pattern if it rises to resistance at prices $425 to $445,- (seen by the two red circles below chart 1).
Then, if market conditions fail to penetrate resistance $417, - it will go to support at price $407-$391, - and form a Bearish Double Top Pattern (seen by the two red circles above chart 2).
Market conditions when it fails at resistance $417,- then the market will continue its direction to resistance $444,-, after that reverses to the lowest support at price $390,- to $384,- and forms a Bearish Head and Shoulders Pattern (seen by the three red circles that is above the chart 3).
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Broadly speaking, we predict that the BNB/USDT market will face two possibilities, namely Bullish and Bearish.
However, for now it is experiencing bullish caused by the falling dollar index.
These are VCGamers's predictions for the movement of the BNB/USDT crypto asset today.
As a note, crypto investment is a thing risky. Do Your Own Research (DYOR) before deciding to invest in crypto assets.
Of course there are advantages and disadvantages in making crypto investments you need to know.
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