11.23: Weekend Evening Market Overview:
BTC has been consolidating within a narrow range during the day, and every time it drops to around 98208, it bounces back up, so this is an important support level; if the closing line at midnight remains on the trend line, then this is our entry opportunity for long positions, with a stop loss below the breakout; the first take profit target is just below the previous high; the other targets are at the red line position;
ETH performed quite weakly during the day, but after the 4H line closed at 8 PM, a large bullish candle pushed Ether up to the 3500 position; this also reached the double bottom position mentioned in our previous post, and breaking the neckline target is a 1:1 increase, which is also a perfect W double bottom pattern; if the 4H holds above the 3445 position, it is expected to reach 3492 and 3525 overnight; support is still at 3389 and 3361.
BNB performed very strongly today, after a spike to 676 in the afternoon, it began to pull back but then slowly climbed back up to the 680 position before quickly dropping 8 points; my take profit was set at 680.08, unfortunately, it missed by 0.08. However, it’s okay, BNB can still continue to rise, I believe in its ability; support is at 652, 645, 638; if 4H holds above 675, pressure will be at 682, 687.
SOL had a very dull day, Binance suspended SOL withdrawals today, which affected its performance, making it lackluster. Otherwise, it could have reached around the 268 position with other altcoins flying today; looking forward to its performance tonight. Temporary pressure is at 268, 278; support is at 251, 247, 242;
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