Bitcoin price shows a tight consolidation on a lower time frame – an ascending parallel channel – that repeats the motif of three larger channels that have developed on higher time frames since the start of 2022.
Binance Coin price has been on a retracement move since a local top in early August. During its descent, BNB also seems to be forming a head-and-shoulders pattern. While the confirmation is yet to arrive, speculators can realize good gains if they get in early, but the risks are also high.
Ethereum layer one activity remained largely stagnant since the beginning of 2021. Analysts predict a massive rally in Ethereum price with scarcity emerging as a key driver of ETH.
