Bitcoin and altcoin overview (February 25-26)
Yesterday, Bitcoin completely ignored the levels we had marked and broke the scenario of a quick recovery for longs.
At the moment, we have tested the lower level of the global sideways range, as well as the important zone of $89,000–$86,300 (accumulated volumes). So far, we do not see a strong reaction apart from a surge in volume.
In the near future, we primarily expect a sideways movement between the two volume zones of $91,300-$92,600 and ~$89,000.
Now, for a full recovery of buying activity, it will be necessary to overcome the newly formed sell zones, which have accumulated significantly during the decline.
In the case of a negative outcome and a breakdown of the current support zone, we will enter a bearish trend with an initial target of $77,000.
Sell Zones:
$107,000–$109,000 (volume anomalies).
$97,500-$98,400 (aggressive selling volumes).
$95,000-$96,700 (accumulated volumes).
$91,300-$92,600 (accumulated volumes).
Buy Zones:
$89,000–$86,300 (accumulated volumes).
$77,000-$73,000 (volume anomalies, aggressive buying volumes).
Interesting Altcoins
For SUSDT, we tested an important volume zone and received a strong reaction from buyers. We are considering a long position upon testing the local zone of $0.72-$0.69 and its reaction, or in the case of a false breakout of the local low.
At the moment, we have tested the lower level of the global sideways range, as well as the important zone of $89,000–$86,300 (accumulated volumes). So far, we do not see a strong reaction apart from a surge in volume.
In the near future, we primarily expect a sideways movement between the two volume zones of $91,300-$92,600 and ~$89,000.
Now, for a full recovery of buying activity, it will be necessary to overcome the newly formed sell zones, which have accumulated significantly during the decline.
In the case of a negative outcome and a breakdown of the current support zone, we will enter a bearish trend with an initial target of $77,000.
Sell Zones:
$107,000–$109,000 (volume anomalies).
$97,500-$98,400 (aggressive selling volumes).
$95,000-$96,700 (accumulated volumes).
$91,300-$92,600 (accumulated volumes).
Buy Zones:
$89,000–$86,300 (accumulated volumes).
$77,000-$73,000 (volume anomalies, aggressive buying volumes).
Interesting Altcoins
For SUSDT, we tested an important volume zone and received a strong reaction from buyers. We are considering a long position upon testing the local zone of $0.72-$0.69 and its reaction, or in the case of a false breakout of the local low.
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Unlock your potential in trading
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.