Price frame W + good buy volume + RSI on frame W has broken the short-term downtrend 'h2'.
However, 75k is the #kc on frame M; if we want to push up to 80k, we need to break through 75k 'h1'.
Short-Term:
On frame D, the price is still caught between #ema => sideways 'h3'.
Selling pressure on frame D is also strong. I expect that tomorrow the price will touch #ht 69k* and then bounce up to create a doji that pushes up to #kc.
KC: 74k* break 76k - 80k
The nearest HT is 69k*; if it breaks 68k - 66k.
CME gap: 73k*3, 69k4, 67k => will these three levels hit 73k3 first or will we fill the gap back to 67k before? #ace 'h4'.
$BTC Will the trend continue, guys??? Should we place a swing trade? Or wait to catch a dip at 5* -4*? Which option do you choose? $BTC $ETH If $BTC falls, then all $Altcoin will also be in ruins.
The M frame of $XAUT closes an engulfing candle on the previous M candle => indicates that the sell force is dominant “image 1”
The W frame closes 2 green candles => there is a buy force. “image 2”
The D frame price breaks the uptrend line and creates lower highs and lows => correction downwards
Currently, the price is testing the previous break area of 4800-4900 “image 3”
However, the price still respects the larger frame “M”
Therefore => according to my personal opinion, $XAUT will soon fall into a correction wave “down”. It will not break #ATH as perceived from the outside 😝.
The price will rise to touch 4800-4900 and then drop back to the range of 4000-3500
Long-term view. I don’t know how long it will take 🤣
The price in the M frame + green volume => has buying power #buy better than before with 5M continuously being selling pressure “h1”
However, the M frame closing as a doji indicates that the buying power is also “weak”.
There are 2 scenarios for the upcoming month:
#Plan 1: the price will break 70k* to move to the 80k range and then drop to the beginning of 5*_4* to create a bottom for this cycle. And then increase sustainably.
#Plan 2: the price breaks 64k -60k and drops to the beginning of 5* -4* “creating a bottom and then bouncing up 🚀80k.
The level #ht is currently very important psychologically; if #60k breaks, it confirms the creation of a new bottom from the peak #126k-60k