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BTCUSD Price Action Range| Range High/Low| Trend
BTCUSD Perpetual Contract
Short
BTCUSD Price Action Range| Range High/Low| Trend
By AzizKhanZamani
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May 24, 2021
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May 24, 2021
Evening Traders,
Today’s analysis – BTCUSD – trading below a key range high where a deviation to the lows is probable,
Points to consider,
- Price action impulsive
- Range high resistance
- Range low support
- Low Volume
BTCUSD’s immediate price action is trading under a key resistance that has rejected price for the time being.
The immediate objective is the local s/r, breaking this level increases the probability of testing the range low.
The current volume is below average, an influx is highly probable when an expansion occurs.
Overall, in my opinion, BTCUSD is in a trading range, price action is to be monitored for rotations.
Hope this analysis helps,
Thank you for following my work
And remember,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee
Chart Patterns
fiboancci
Technical Indicators
LONG
priceaction
Relative Strength Index (RSI)
short
Stochastic Oscillator
support
Support and Resistance
trend
Trend Analysis
AzizKhanZamani
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