$BTW Buyers are trying to reverse the trend.
The chart shows a classic reversal via a local structure break to the long side (CHoCH at the level of $0.054). After a prolonged downtrend sequence (confirmed by a bearish BoS at the levels of $0.081 and $0.059), the price bounced off support, broke the local high, and delivered a strong upward impulse. Right now, a technical pullback from the bearish order block is underway.
Support zone:
The green order block in the range of $0.0395 – $0.052, from which the bulls managed to turn the trend around.
Resistance zones:
The nearest bearish order block: in the range of $0.0715 – $0.076 (under the blue EMA 200 line). The current impulse hit its lower boundary exactly and then pulled back.
Next seller block above: $0.082 – $0.087.
Distribution zone: the topmost red order block in the range of $0.096 – $0.1 above the short-term trend.
The chart shows a classic reversal via a local structure break to the long side (CHoCH at the level of $0.054). After a prolonged downtrend sequence (confirmed by a bearish BoS at the levels of $0.081 and $0.059), the price bounced off support, broke the local high, and delivered a strong upward impulse. Right now, a technical pullback from the bearish order block is underway.
Support zone:
The green order block in the range of $0.0395 – $0.052, from which the bulls managed to turn the trend around.
Resistance zones:
The nearest bearish order block: in the range of $0.0715 – $0.076 (under the blue EMA 200 line). The current impulse hit its lower boundary exactly and then pulled back.
Next seller block above: $0.082 – $0.087.
Distribution zone: the topmost red order block in the range of $0.096 – $0.1 above the short-term trend.