Yesterday, as expected, Bitcoin dropped to the $80,400-$78,300 buy zone (local volume anomaly zone) and showed a strong reaction.
At the moment, longs can be held with a potential target of $85,000-$88,000 (high-volume zone), from where another wave of selling is likely.
The current local buy zone for intraday and mid-term trades is $81,200-$79,800 (local support). If price consolidates below this level, we expect a decline to the next buyer zone.
Sell Zones:
$85,000-$88,000 (high-volume zone),
$95,000-$96,700 (accumulated volumes),
$97,500-$98,400 (pushing volumes),
$107,000-$109,000 (volume anomalies).
Buy Zones:
$81,200-$79,800 (local volume zone),
$77,000-$73,000 (volume anomalies, pushing volumes).
Interesting Altcoins
For BNX, we have broken the trend structure. Considering a long from current levels, as we have already seen an initial reaction, or from the $0.96-$0.90 volume anomaly zone upon retest.
At the moment, longs can be held with a potential target of $85,000-$88,000 (high-volume zone), from where another wave of selling is likely.
The current local buy zone for intraday and mid-term trades is $81,200-$79,800 (local support). If price consolidates below this level, we expect a decline to the next buyer zone.
Sell Zones:
$85,000-$88,000 (high-volume zone),
$95,000-$96,700 (accumulated volumes),
$97,500-$98,400 (pushing volumes),
$107,000-$109,000 (volume anomalies).
Buy Zones:
$81,200-$79,800 (local volume zone),
$77,000-$73,000 (volume anomalies, pushing volumes).
Interesting Altcoins
For BNX, we have broken the trend structure. Considering a long from current levels, as we have already seen an initial reaction, or from the $0.96-$0.90 volume anomaly zone upon retest.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Unlock your potential in trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.