Overview
Chart #1 - BNB (BNBUSDT) Daily
Chart #2 - Blur (BLURUSDT) Daily
Chart #3 - Arweave (ARUSDT) Daily
Chart #4 - Zilliqa (ZILUSDT) Daily
Chart #5 - Fear and Greed Index
Chart #1 - BNB (BNBUSDT) Daily
Chartist: Sheldon
(For the chart screenshot, click here.)
Yesterday, BNB spiked after news broke about their $4bn DPA settlement.
Price rallied from $240 to $268, where it hit resistance.
This morning, we see that BNB is once again trying to break through $260 - $270. If it does, then we might see $300 - $310 next.
A rejection will send it back to around $240.
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Chart #2 - Blur (BLURUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
BLUR is bouncing from a mid-range level at $0.28.
This is following a massive unlock, which means now might be a good time to look for long-term accumulation opportunities.
A reclaim of $0.47 would open up the next range opportunity.
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Chart #3 - Arweave (ARUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
AR is rejecting from a key level; there are two likely paths here for Arweave:
It follows the white line path, which means a pullback into $7.04, then consolidates there and later leads to a breakout, OR
It breaks the down-sloping trend line and loses the $7.04, at which point the next support will be between $6.00 and $5.50.
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Chart #4 - Zilliqa (ZILUSDT) Daily
Chartist: Sheldon
(For the chart screenshot, click here.)
ZIL is one of those coins that have not really made significant upside over the last 6 weeks, and I feel that it could be getting ready to make a decent move soon.
In the beginning of November, it broke through $0.019. Price has moved up since, and over the last two weeks, has been consolidating around $0.02 - $0.021.
Currently at $0.021, if it can resume its trend upwards, it should head to $0.025 - $0.0265.
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Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 71 today, indicating Greed.
The highest the index has been over the past seven days is 71, and the lowest is 60.
Banterβs Take
Bitcoin continues to consolidate between $32,000 and $38,000, which is quite a large range. The price will likely take time to build a new strong base before later breaking out higher
Stay safe my friends!
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