BTC showing little to no volume over the past few days but slowly movings towards the last major wick zone it left behind on the 21st of this month. I would like to see BTC break above this wick and start testing the next resistance zone around 22,5k. The good news is if BTC manages to break above the next resistance zone, we have clean traffic and range to fill...
After ranging a few days, BTC has made another bearish push towards the next major support zone around 28,6k. If BTC manages to flip bearish on the daily timeframe I do believe it will continue pushing down towards the next support level around 26,7k (wick fill). As long as BTC respects the current support zone I do believe we could se a relief bounce coming up...
NEARUSDT (Day Chart) Technical analysis
NEAR/USDT (Day Chart) Currently trading at $7.80
In the above chart old resistance zone act as new support.
And price touched 200EMA in 4h chart. EMA act as good support!
Buy level: Above $7.30
Stop loss: $6.30
TP1: $9.60
TP2: $10.50
TP3: $11.80
TP4: $15.00
Max Leverage: 2x
Always Keep Stop loss
Aud/Usd log idea based on technical analysis. Support and resistance idea. Daily is retesting a major support zone, I scaled down on lower time frame to look for entry
