Technical analysis of BTC, BNB, ETH (12/19/2024)
Bitcoin ($BTC)
MA: Trading above the 50-day and 200-day SMA, sustainable upward trend.
RSI: 65, strong upward momentum but nearing overbought territory.
MACD: Positive, MACD line above the signal line.
Support/Resistance: $95,000 / $100,000.
Analysis: BTC may test $100,000 but caution is needed for the possibility of a short-term correction.
Ethereum ($ETH)
MA: Above the 50-day and 200-day SMA, stable upward trend.
RSI: 60, upward momentum not overbought.
MACD: Positive, reinforcing the upward trend.
Support/Resistance: $3,800 / $4,050.
Analysis: ETH has the potential to break $4,050 if it holds above $3,800.
Binance Coin ($BNB)
MA: Trading above the 50-day and 200-day SMA, bullish signal.
RSI: 63, close to overbought territory.
MACD: Positive divergence, confirming growth.
Support/Resistance: $700 / $750.
Analysis: BNB may test the $750 level, but traders need to be aware of the risk of a short-term correction.
Conclusion: Both BTC, ETH, and BNB are showing strong upward trends. Keep a close watch on support and resistance levels and overbought conditions to manage risk effectively.
