#CryptoTrading. #SignalđĽ.
đ 1. Current situation
⢠The price is at $104,372.
⢠A symmetrical triangle (orange lines) has formed, which ended with a strong impulse breakout after a breakout (up or down).
⢠Volume (BBP) has decreased - typically before a big move.
đ 2. Key levels
⢠Support:
⢠$103,000â103,200 - several bounces and a "BarUp".
⢠$100,426 - strong horizontal support (marked as Low).
⢠Resistance:
⢠$104,982 - local resistance level.
⢠$106,000â106,200 - zone of previous pullbacks (and triangle line).
⢠$107,000â108,000 - strong selling zone in the past.
đ 3. Indicators and signals
⢠BarUp / BarDn:
⢠Parts of the signal within the triangle are a sign of uncertainty and consolidation.
⢠Volume (BBP):
⢠Decrease in volumes - typically before a breakdown of the figure.
⢠Red dominant lately â sellers' advantage.
đ§ 4. Possible scenarios
â Bullish scenario (breakout up):
⢠Breakout $105,000â105,500 with volume â potential growth to $107,000 and above to $108,500.
⢠Target: upper limit of the large channel.
â Bearish scenario (breakout down):
⢠Breakout of the lower limit of the triangle â test $103,200 â $102,000 â $100,400.
⢠In case of a strong collapse, a retest of $98,000 is possible (the lower limit of the channel in early June).
đľď¸ââď¸ What should be monitored?
⢠Breakout of the figure (triangle) + volume.
⢠Behavior at the levels of $104,982 and $103,200.
⢠BBP exiting the red zone (may confirm a change in momentum).
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đ Conclusion:
The price is in the triangle compression zone. A breakout is expected in the coming hours/day. It is recommended not to enter into a deal until the breakout is confirmed by volume, after which the