BTCUSDT did not make much movement last week except on December 4. The pair was trading below the current 7375 support level between December 2 and December 4. BTCUSDT was trading back to the current support level and closed above it on December 5. The pair has been stalling since then and the 7375 support level is still holding up at the time of this writing. If...
BTCUSDT made a reversal on November 25, and managed to break the 7375 resistance zone and close above it on November 27. The previous 7375 resistance zone then turned to the current support area. At this time, BTCUSDT is trading under the 7375 support level. If it keeps trading lower and closes below this support level, it may go back to the last week's lowest low...
BTCUSDT broke the 8275 support level last Monday and closed below it. Since then, the pair steadily trading in a downward direction. It reached the 7375 support area on November 22 and broke through it. BTCUSDT failed to close above the 7375 support level, and it then triggered another bearish movements. The previous 7375 support level is now acting as a...
As I had a bearish outlook last week about the direction of BTCUSDT, the pair failed to close above the 9050 resistance area. It's steadily trading downward every single day within last week, and it's now very close to reach the 8275 current support area. When it reaches this support area, a new direction will be determined then.
BTCUSDT failed to trade and close above 9705 resistance area last week. The pair kept trading lower for a few days and finally broke the 9050 support area, and closed below it on November 8. The 9050 support zone now became the new resistance zone. Since then, the pair failed to close above the 9050 resistance area. If the trend continues trading downward, it may...
BTCUSDT was unable to close above the 9705 current resistance area last week. As I mentioned last week, if it's unable to close above the resistance line, it might make a correction to the 9050 support area. On October 31, the pair retraced to the 9050 support zone and was trading below it during the day before it closed above the support zone. Since then, it's...
I added next major and minor resistance zones to the chart that I published last week: Next Major Resistance: 11575 Next Minor Resistance: 10800 Current Major Resistance: 9705 Current Minor Support: 9050 Current Major Support: 8275 Next Minor Support:7375 Next Major Support: 6185 BTCUSDT hit the 7375 minor support area on Oct. 23 and then bounced off it on...
R1: 9705 R0: 8275 Mid-range S0: 7375 S0: 6185 On the upside, BTCUSDT is still struggling to close above the 8275 resistance level. On the downside, it may heading towards the 7375 mid-range support area.