Hello everyone! This is the daily analysis from a trader-analyst at CryptoRobotics.
Yesterday, the scenario for the leading cryptocurrency remained almost unchanged. No buyer anomalies were observed within the $104,200–$102,300 area (accumulated volumes). Volume remains low.
The primary scenario is the development of a sideways range between two volume zones: $104,200–$102,300 (accumulated volumes) and $107,000–$109,800 (accumulated volumes). If the recently formed low is retested and buyers fail to defend it, we expect a moderate short toward the next selling zone at $100,000.
Selling zone:
$107,000–$109,800 (accumulated volumes)
Buying zones:
~$100,000 (initiating volumes),
$98,000–$97,200 (local support),
$93,000 level,
$91,500–$90,000 (strong buying imbalance)
This publication is not financial advice.
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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.