BNB/USDT and BTC/USDT analysis Wednesday 11 May 2022

VCGamers analyzes the movement of crypto assets bnb/USDT and BTC/USDT as of today, Wednesday 11 May 2022.

This analysis is carried out to predict the movement of the two crypto assets.

Let's take a look at the results of BNB and BTC analysis!

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BNB/USDT analysis

Based on the analysis, the condition of this March afternoon by paying attention to the close candle at 07.00 WIB on TF-4H has formed a bullish candle hammer. In which the market is predicted to increase and is calculated by the elliot correction wave, the market will head to its strongest resistance at FIB 0.55 (at a price of $356,- / $365,-).

After that, it is predicted that a bearish rising wedge pattern will form and the market will return to the price support of $287,-.

This prediction will occur if the market increases.

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BTC/USDT analysis

Market conditions this afternoon, after forming a falling wedge bullish pattern is predicted to go towards resistance at the price of $32.449,- until later the strongest resistance is at the price of $36.076,-.

Then form a bearish pattern rising edge fullback support to the price of $31.225, - to the strongest support at the price of $29.884, - to $23.613,-