Yesterday for Bitcoin, as we predicted, we bounced off the important volume zone of $100,000-$102,000 (mirror volume zone) and returned within the sideways range.
The buyer's zone of $97,200-$96,200 (local buying zone) didn't provide a significant reaction, only slightly slowing down the decline.
At present, we should expect subsequent movement towards prices of $93,000-$91,500 with minor corrections towards the formed selling zones.
The scenario will be invalidated if the new key selling zone of $97,000-$98,800 is ignored and price closes above it.
Buy zones: level $91,500 (local low), $90,600-$86,300 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
Sell zones: $97,000-$98,800 (volume zone), $100,700-$102,200 (mirror selling zone, market selling activity).
Interesting altcoins
For ENA above, we have a very strong selling zone of $1.1-$1.15, upon testing of which and seeing a reaction, we'll consider continuation of the decline.
The buyer's zone of $97,200-$96,200 (local buying zone) didn't provide a significant reaction, only slightly slowing down the decline.
At present, we should expect subsequent movement towards prices of $93,000-$91,500 with minor corrections towards the formed selling zones.
The scenario will be invalidated if the new key selling zone of $97,000-$98,800 is ignored and price closes above it.
Buy zones: level $91,500 (local low), $90,600-$86,300 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
Sell zones: $97,000-$98,800 (volume zone), $100,700-$102,200 (mirror selling zone, market selling activity).
Interesting altcoins
For ENA above, we have a very strong selling zone of $1.1-$1.15, upon testing of which and seeing a reaction, we'll consider continuation of the decline.
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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.