SasanSeifi đââď¸BTC.Watching Key Levels for Potential Breakoutsâ
Updated
Hey there, buddy!âď¸
By examining the chart in the daily timeframe, as you can see, The price has been moving back and forth between $31,000 and $29,500, showing a consolidation pattern with decent trading volume. It's crucial to keep an eye on the support level at $29,500 to see if it holds. Now, here are a couple of scenarios to consider:
Scenario 1: If the price breaks below the liquidity range, confirms a sell signal, and drops below the important support level of $29,500, we might see a correction towards $29,000, $28,400, and even $27,400. It's important to see how the price reacts to these support levels to understand the next move.đš
Scenario 2: On the flip side, if the price manages to break above the strong resistance levels at $31,400 and $32,000 and stays above them, there's a chance for further upside towards $34,000 and $36,000.đš
âď¸Remember, this analysis is for informational purposes only and shouldn't be considered investment advice.
Wishing you loads of success in your trading adventures, my friend!âď¸
â (DYOR)...â ď¸âď¸
đšSure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
đšAnd if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! đ
By examining the chart in the daily timeframe, as you can see, The price has been moving back and forth between $31,000 and $29,500, showing a consolidation pattern with decent trading volume. It's crucial to keep an eye on the support level at $29,500 to see if it holds. Now, here are a couple of scenarios to consider:
Scenario 1: If the price breaks below the liquidity range, confirms a sell signal, and drops below the important support level of $29,500, we might see a correction towards $29,000, $28,400, and even $27,400. It's important to see how the price reacts to these support levels to understand the next move.đš
Scenario 2: On the flip side, if the price manages to break above the strong resistance levels at $31,400 and $32,000 and stays above them, there's a chance for further upside towards $34,000 and $36,000.đš
âď¸Remember, this analysis is for informational purposes only and shouldn't be considered investment advice.
Wishing you loads of success in your trading adventures, my friend!âď¸
â (DYOR)...â ď¸âď¸
đšSure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
đšAnd if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! đ
Note
Hey there,"In the daily timeframe, as you can see, the price remains within the $30,000 price range. Analytically speaking, the previous report is still valid. Please note that important economic indicators such as CPI (Consumer Price Index) and PPI (Producer Price Index) will be released this week, which may lead to significant market fluctuations."
Note
In the daily timeframe, we can see that the market was influenced by the news of Ripple winning the court case, leading to some positive fluctuations. It managed to break above the resistance level of $31,500. However, there was some liquidation from buyers, which caused a correction. Currently, the market is still in a ranging state, and the FIRST analysis remains valid.The crucial support level to watch is $29,500. If the price falls below this support level and confirms its position there, there is a possibility of further correction in the price. On the other hand, if the price holds above the support level, we may experience some minor positive fluctuations
â (DYOR)...â ď¸âď¸
Note
Hey there! Just wanted to give you a heads-up on the latest trend. Our previous analysis still holds strong, especially after that support range fell through at $29,500. What's likely to happen next? Well, we're looking at the price making some adjustments towards some specific targets you can see in the above image.
If everything goes as planned, we might see some positive swings coming our way! So, let's keep an eye on those support ranges â
Note
đĽââ
as you can see! Following our past analyses, the price took a dip after breaking the important support level at $29,500. It managed to reach the specific correction targets we had in mind, landing at a price of around $25,100. That's a correction of about 14%, which is quite the move! Currently, the Bitcoin trend is still in correction mode. I'm expecting the price to potentially dip further to around $23,200 to $22,600, with more adjustments along the way. Then, to keep the momentum going, we'll need to see how the price responds to those support levels. Stay tuned for more updates in the analysis! đ
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