source avatarCenturion

Share

$BTC.D has been consolidating around POC for almost a year now, forming a mid-term triangle At the same time, weekly OB 60.6–62.6%, where yearly PP sits, continues to act as key resistance. Another important level is 360D rVWAP, which continues to reject every breakout attempt HTF structure already looks broken, yet price still refuses to move lower. Because of that, I see two possible scenarios: ▹ a fake breakout above the triangle and weekly OB, with a move toward VAH, followed by a reversal and an impulsive move lower ▹ a direct breakdown from the triangle, opening the way toward S1 + VWAP, then S2, and S3

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.