judging by the chart, I feel either a breakout up or down du | TooTooDooToo on Binance Square

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judging by the chart, I feel either a breakout up or down during the next day, but act at your own risk, in general, as always.#BIO 

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#sol price analysis Solana has broken out of the 50-day SMA ($219), indicating that the bulls are attempting to extend the recovery. The upsloping 20-day EMA ($205) and the RSI in the positive territory indicate that buyers have an edge. If the price sustains above the 50-day SMA, the SOL/USDT pair could climb to $235 and then to $247. Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will signal that bears remain sellers on rallies. The pair could descend to the support line, where buyers are expected to step in.

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#BNB price analysis BNB remains stuck between the 20-day EMA ($703) and the overhead resistance of $722, indicating a tough battle between the bulls and the bears. The gradually rising 20-day EMA and the RSI just above the midpoint give a slight advantage to buyers. Usually, a tight consolidation is followed by increased volatility. If the price breaks above $722, the BNB/USDT pair could pick up momentum and rally toward $794. On the contrary, a fall below the 20-day EMA will suggest that the bulls have given up. The 50-day SMA ($685) may act as support but is likely to be broken. The pair may then slump toward $635.

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#xrp price analysis XRP is facing selling from the bears at the resistance line, but the bulls have not allowed the price to dip below the 20-day EMA ($2.29). That increases the likelihood of a break above the resistance line. If that happens, the XRP/USDT pair could rally to $1.73 and eventually to $2.91. Sellers are expected to fiercely defend the $2.91 level. Time is running out for the bears. They will have to pull the price below the 20-day EMA to keep the pair stuck inside the triangle for some more time. The bears will seize control on a break and close below the support line.

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#ETH price analysis Ether broke and closed above $3,555 on Jan. 3, completing a bullish ascending triangle formation. The 20-day EMA ($3,529) has started to turn up, and the RSI is in positive territory, indicating that the bulls are in the driver’s seat. The pattern target of the breakout from the ascending triangle is $3,894. Sellers are likely to have other plans. They will try to pull the price back below $3,555. If they do that, the short-term aggressive bulls may get trapped. That could sink the ETH/USDT pair to the uptrend line.

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