March 4 Technical Analysis: BTC, ETH, BNB

Information about the conflict between Russia and Ukraine has caused the price to drop drastically in recent days, from ~$45,000 to ~ $34000 (February 24), but traders are less anxious and terrified today and a few have collected the tokens to have profit more 20%. Here are some basic details regarding BTC, ETH and BNB.

BTC Technical Analysis

After BTC recovered to strong resistance around $45,000, bears rushed in to push down and retest support around $40,000.

On the 4h time frame, the price of BTC is still trading above the EMA34 and EMA89 indicating medium-term bullis.

Support: $39,5xx – $40,5xx ( can drop beard to this level) and return to transaction in EMA34 and EMA89.

BTC/USDT daily chart | Source: TradingView

ETH Technical Analysis

The nearby moving averages are creating a bearish crossover and the RSI is cutting 50 down, prices trading below EMA 34 and EMA 89 and at the same time meet resistance on the triangle, so it dropped to the estimated price of: $262x.xx. If BTC does not break out of $40,000, ETH plans to rise again as soon as the price meets the lower edge of the triangle.

ETH/USDT daily chart | Source: TradingView

BNB Technical Analysis

The daily candle closing above the 34 EMA proves that the bulls are trying to hold the price after the bulls pushed their beards down to $397.6. However, on March 4, the candle went through this support line and began to fall. When both BTC and RSI support a short-term decline.

BNB/USDT daily chart | Source: TradingView

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Alan

Coincu Ventures