Hello everyone! This is the daily analysis from a trader-analyst at CryptoRobotics.
Yesterday, contrary to expectations and the overall bullish context, we broke the local low and entered a phase of a local downtrend, within a broader uptrend.
At the moment, despite buyer defense and weakening selling pressure, we should expect a test of the buyer zone below $104,200–$102,300 (slightly adjusted based on the daily timeframe), from which stronger buying is more likely to resume.
A local resistance area has also formed during the decline at $106,800–$107,600 (aggressive selling volumes).
Sell zone:
$106,800–$107,600 (aggressive selling volumes)
Buy zones:
$104,200–$102,300 (accumulated volume)
Around $100,000 (aggressive buying volumes)
$98,000–$97,200 (local support)
$93,000
$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.