Watching BATBTC Value Area Low for a Potential Reversal
12hour Bearish TK Cross, but its above the cloud so its a weak cross, but because price is below all lines and the cloud it is quite bearish.
3hour Red Cloud resistance ahead of price. We are starting to see a small relief bounce, but not convincing just yet.
1D Significant levels at 3287 (closest support) 3625 (closest resistance) and 3943 (next major resistance)
1D Price is resting around POC, slightly below it. Value Area Low is 3077 this can act as major support for price when tested, keep an eye on this level. Value Area High is at 5183 this can act as major resistance once price breaks above POC.
Overall, there is no confirmation for a bullish reversal, but if the Value Area Low and closest support are held we can see a great buying opportunity form.
3hour Red Cloud resistance ahead of price. We are starting to see a small relief bounce, but not convincing just yet.
1D Significant levels at 3287 (closest support) 3625 (closest resistance) and 3943 (next major resistance)
1D Price is resting around POC, slightly below it. Value Area Low is 3077 this can act as major support for price when tested, keep an eye on this level. Value Area High is at 5183 this can act as major resistance once price breaks above POC.
Overall, there is no confirmation for a bullish reversal, but if the Value Area Low and closest support are held we can see a great buying opportunity form.