BTCUSD Price Action Range| Range High/Low| Trend

24 mai 2021Evening Traders,

Today’s analysis – BTCUSD – trading below a key range high where a deviation to the lows is probable,

Points to consider,

- Price action impulsive
- Range high resistance
- Range low support
- Low Volume

BTCUSD’s immediate price action is trading under a key resistance that has rejected price for the time being.

The immediate objective is the local s/r, breaking this level increases the probability of testing the range low.

The current volume is below average, an influx is highly probable when an expansion occurs.

Overall, in my opinion, BTCUSD is in a trading range, price action is to be monitored for rotations.

Hope this analysis helps,

Thank you for following my work

And remember,

“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee