Transcend27
@t_Transcend27
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Transcend27
Description:Current BTC/USDT price: 26,650 USDT (Daily Chart)Daily Resistance Levels: 26,600, 27,670, 29,670Weekly Resistance Range: 31,500 - 31,900Monthly Resistance Range: 37,500 - 39,5004-Hour Support: 26,2201-Hour Support: 25,840Analysis:From my previous idea, the price successfully bounced from the 25125-24850 daily support. This means that the bulls have found their reversal level and ready to make another higher high in the daily TF.Here are the key scenarios- A daily candle close above 26,600 could signal a potential upward move towards 27,670.- If momentum remains strong, the weekly resistance range of 31,500 - 31,900 could come into play.- A breakthrough above the weekly resistance might lead to a test of the monthly resistance range from 37,500 to 39,500.- However, if the price fails to breach 26,600, a decline may occur, possibly reaching the 4-hour support at 26,220 and further down to the 1-hour support at 25,840.Please ensure you keep monitoring the price action and adjust your strategy accordingly. Use confluences like Rsi, candlestick patterns or chart patterns before entries.
Transcend27
Daily supports includes 25125 to 24850 and 21625 to 21200. These were based on previous daily resistances that can be a bouncing levels. There's also a potential liquidity void to be filled sooner in the 23000 zone
Transcend27
Consolidation next? Possible short term bullish scenario in 15 TF. (Hourly TF for broader view)
Transcend27
Possible rebound in 15 support or continuation in 5 TF? Bullish signs in PPS RSI but already overbought in STC-Renko RSI
Transcend27
We can see imbalances in the obvious major support zone at 25k. 3 indicators by luxalgo and xdecow were used to estimate potential breaker blocks, imbalance blocks, pivot blocks using imbalances and volume blocks. Open interest were also bearish with no significant volume in price axis
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