Both COMBO (COMBO) and BinaryX (BNX) are opting for decided signal gains. We will have higher expectations in the next few days.
Cumulative gaming tokens appear to be attracting attention as the Big Time token (BIGTIME) has increased 15-fold since its listing on major exchanges on October 11.
COMBO
COMBO (COMBO) price has created a bullish structure since hitting a yearly low of $0.41 on August 17. In the process, the price retested a strong resistance zone at $0.70 on the 11th. October and was denied thereafter.
The subsequent decline caused the price to break below the key level of the bullish structure at $0.54 on October 10, suggesting an end to the uptrend.
However, the price reclaimed the key level 2 days later with a large bullish candle. This shows that the previous breakdown was just a deviation (blue ellipse) and the bullish structure is still intact.
Additionally, such deviations are often followed by strong price increases.
Therefore, the COMBO price is likely to retest the $0.70 area in the near future. This marks a 27.68% increase from the current price.
BNX
BNX price has been trading inside an ascending parallel channel since reaching a yearly low at $0.17 on August 17. This is a bearish pattern, which usually leads to a breakdown in the majority of cases.
However, the BNX price broke above this channel on October 11. Invalidation of the bearish pattern usually leads to a strong upward movement afterward.
The price also rose above the strong resistance zone at $0.55 on the same day, further reinforcing the bullish thesis.
BNX price is confirming both the channel resistance line and the $0.55 area as support (blue arrow).
It could rise quickly to the next key resistance area at $0.33, a 25.63% increase from the current price level.
