In todays analysis - LTCUSDT - Value Area High currently being tested after a strong impulse from the POC, weakness here can lead into a dump.
In todays chart analysis - BONKUSDT - clearly trading at a local resistance that has technical confluence with the .618 Fibonacci and the local S/R, a rejection is possible.
The current price action is very clean, each lower timeframe pivot has been from the Pitchfork. The Mid-Point has been flipped with a bullish retest, showing LTF significance
Ethereum is trading in a local pennant formation, breaking out bullish can lead to an impulse into key highs.
POPCATUSDT is following a region with technical confluence, that being the Daily S/R,.618 Fibonacci, Range Low and the VWAP support, there is a probability of a bounce around this region.
Over 250 Million in short liquidations as Bitcoin approaches all time high, how price action reacts here will be the key for a directional bias. It will be either a blue-sky breakout and/or a failed auction.
Local price action is trading in a clear defined range, the current weakness increases the probability of a rotation towards lower support.
Price action is currently in a corrective phase with key defined resistance levels. Failure to break above will mean lower price to come.
The weekend price action has been consolidating under key resistance, a rejection from this area is still probable.
Confirmed market structure shift on the 4H timeframe accelerated price action with a strong bearish expansion into key support - the market now is likely to consolidate on the lower timeframes before another expansion.
