We’ve now seen a daily close below the range lows, so a confirmed breakdown, right?
Well, that’s what many people also thought when price deviated below the lows of the previous range.
However, that’s when BTC pumped roughly 6%, reversing the entire dump and closing the week right back below the highs of that range.
In my opinion, it’s therefore crucial to wait for the upcoming weekly close as confirmation here.
If we close back above $83k, there’s a decent chance we just keep on expanding higher going into next week and trade back around the highs at $87k soon.
But if we close below that level instead, we will likely push lower and potentially even sweep the lows around $75k. #SolanaPlansToCutBlockTimesTo200ms
We’ve now seen a daily close below the range lows, so a confirmed breakdown, right?
Well, that’s what many people also thought when price deviated below the lows of the previous range.
However, that’s when BTC pumped roughly 6%, reversing the entire dump and closing the week right back below the highs of that range.
In my opinion, it’s therefore crucial to wait for the upcoming weekly close as confirmation here.
If we close back above $83k, there’s a decent chance we just keep on expanding higher going into next week and trade back around the highs at $87k soon.
But if we close below that level instead, we will likely push lower and potentially even sweep the lows around $75k. #SolanaPlansToCutBlockTimesTo200ms
The coin may begin a new uptrend after consolidating below the VAL volume level of $0.7580. If, after consolidating, the coin returns above this level, an uptrend will then begin with the goal of reaching the VAH volume level of $0.83. #APT🔥
Futures CVD has continued to move lower while open interest has been building up.
This suggests that whenever BTC has pushed into the range highs, perps have stepped in, aggressively increasing the selling pressure.
However, none of these rejections were significant enough to push price back below $85k.
Instead, price always found support around this level and quickly pushed back up towards the highs.
With more shorts continuing to enter the market, they could quickly get squeezed if buyers keep absorbing this selling pressure, potentially fueling another move into the highs or even above them.
The coin has fallen below the VAL volume level of $57.9. To rebound, it now needs to gather liquidity from the previous low of $55.15. If the coin shows a reaction at this level, it will then begin to rise with the goal of returning above the POC volume level of $59.15. #DASH/USDT
🕯 Chart analysis: The price of SEI has returned above the $0.070 level. If the price remains above this level during the correction, the uptrend will continue.
📍 Entry: A long position can be opened near the $0.070 level.
✔️ Main Target: Liquidity is present at the previous high of $0.086. #SEI/USDT
🕯 Chart analysis: The price of TIA is consolidating above the $0.45 level. If the price holds this level during a correction, its upward trend will continue.
📍 Entry: A long position can be opened near the $0.45 level.
✔️ Main Target: Liquidity is concentrated at the previous high of $0.5380.
The coin is consolidating below the POC volume level of $0.1040. If it breaks through this level during its current movement, it will have the potential to continue rising to the VAH volume level of $0.1170. #HBARUSDT
SKY is rebounding from the support trendline of the ascending triangle pattern and has now broken out with significant volume, signaling strong bullish momentum.
The Ichimoku cloud is acting as a key support zone, showing strength in the current structure. SKY now looks positioned for a potential strong upward move.