Bitcoin, Ripple & Binance– American Wrap 26 August

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. 

XRP price shows an interesting setup that forecasts a shift in trend favoring the bulls. The recent development in Ripple shows that an explosive move awaits, especially if certain conditions are met.
Binance Coin price has been on a retracement move since a local top in early August. During its descent, BNB seems to have formed a bearish head-and-shoulders reversal pattern. While confirmation is yet to arrive, speculators can realize good gains if they get in early, but the risks are also high. 


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