Yesterday, while we were trading within the $78,000–$80,000 zone, no significant market buying appeared, so the price moved to test the local low. The $74,500 level wasn't swept, and we saw strong absorption of market selling, which led to a rebound.
Currently, price is caught between a volume zone and an area of buyer activity, and the signs suggest a developing sideways range.
In the coming days, we expect a full test of the local low. A false breakout of this level could offer interesting long opportunities, though we also can't rule out a full breakdown and a move toward the next buyer zone.
Sell Zones:
$78,000–$80,000 (volume zone)
$82,000–$83,900 (volume zone)
$85,600–$88,000 (absorption of buyer aggression)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zone:
$69,000–$60,600 (accumulated volumes)
Currently, price is caught between a volume zone and an area of buyer activity, and the signs suggest a developing sideways range.
In the coming days, we expect a full test of the local low. A false breakout of this level could offer interesting long opportunities, though we also can't rule out a full breakdown and a move toward the next buyer zone.
Sell Zones:
$78,000–$80,000 (volume zone)
$82,000–$83,900 (volume zone)
$85,600–$88,000 (absorption of buyer aggression)
$95,000–$96,700 (accumulated volumes)
$97,500–$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)
Buy Zone:
$69,000–$60,600 (accumulated volumes)
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Unlock your potential in trading
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.