BTC/USDT: Anticipating a Correction from Key Resistance Zone?In this BTC/USDT technical analysis, we analyze the current price action and market trends to identify potential trading opportunities. The analysis suggests that BTC/USDT might experience a corrective phase from a significant resistance zone.
Analysis :-
BTC/USDT is currently facing a crucial resistance zone in the range of 30200 to 30400.
Historical price data indicates that this area has acted as a Point of Interest (POI) in the past, causing price reversals. Consequently, there is a likelihood that BTC/USDT could experience a bearish pullback from this critical level.
Considering the prevailing market conditions, we anticipate a corrective move in the BTC/USDT pair. Our analysis points to potential support levels at 29000 and 27500.
Traders should closely monitor price action around these areas as they might present buying opportunities if BTC/USDT respects these support levels.
Examining the micro and macro trend:-
The micro-trend, based on short-term price movements, is currently bearish, indicating the potential for a downside correction.
However, the macro trend, considering the broader market perspective, remains bullish, suggesting that the long-term bullish sentiment is still intact.
In conclusion, our BTC/USDT technical analysis indicates that the cryptocurrency pair is likely to encounter resistance in the 30200-30400 range, potentially leading to a corrective phase.
We expect the price to correct towards support levels at 29000 and 27500. Traders should exercise caution and closely monitor price action at these levels for potential buying opportunities.
Remember to stay informed, manage risks wisely, and trade responsibly. Happy trading!
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Bitcoin's price today is US$30,001.65, with a 24-hour trading volume of $10.88 B. BTC is +0.41% in the last 24 hours. It is currently -4.42% from its 7-day all-time high of $31,388.55, and 0.96% from its 7-day all-time low of $29,717.09. BTC has a circulating supply of 19.44 M BTC and a max supply of 21 M BTC.
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Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
DOGE/USDT: Bullish Entry Zones and Profit Booking Levels ?
Introduction:
In this technical analysis, we will explore the potential trading opportunities for DOGE/USDT , by analyzing key support and resistance levels.
1. Buying Area - 7400 to 7600 Levels:
Currently, DOGE/USDT can correct upto 7400 to 7600 levels.
Traders looking to enter a long position can consider this zone as a favorable buying opportunity. As Dogecoin is known for its vibrant community and increasing popularity, this entry position could yield potential gains in the short to medium term.
2. Alternative Buying Area - 6400 to 6500 Levels:
In the event of a Bitcoin dump triggered by the FOMC meeting today, DOGE/USDT may experience increased selling pressure.
Consequently, the price could dip to the 6400 to 6500 levels, presenting an excellent opportunity for long-term investors to accumulate DOGE at a discounted price, making it an attractive area for bag holding and patient long-term investors.
3. Profit Booking Area - 9500 Levels:
As DOGE/USDT exhibits upward momentum, traders should be mindful of potential profit booking opportunities. The 9500 level aligns with a crucial trendline, marking a third re-test, adding strength to its significance as a resistance level. Traders can consider taking profits in this area.
In summary, DOGE/USDT currently offers favorable buying opportunities between the 7400 to 7600 levels, while an alternative entry zone lies within the 6400 to 6500 range, especially if Bitcoin experiences a significant downturn. For profit booking, traders should consider the 9500 level, which also coincides with a critical trendline re-test.
LTC/USDT : Bullish Reversal Ahead Amid LTC Halving Narrative ?
In this LTC/USDT technical analysis, we explore a potential bullish reversal for Litecoin against the US Dollar Tether (USDT). As the price hovers around the buying area of 85 - 86, we anticipate a bounce towards 92 - 94.
Additionally, the LTC halving narrative provides a bullish implication for the cryptocurrency's future. Let's delve into the key technical indicators and chart patterns.
Considering the current market sentiment, there is a strong likelihood of LTC experiencing a bullish bounce in the near term. Our analysis suggests that once the price finds support at the buying area, a possible rally could take LTC towards the resistance zone of 92 - 94.
It is important to monitor the price action closely to confirm the upward momentum before entering any long positions.
Adding to the positive outlook is the LTC halving narrative, which has historically had a bullish implication on the cryptocurrency's price. LTC halving occurs approximately every four years and results in a reduction of block rewards for miners, decreasing the new LTC supply entering the market.
As demand continues to grow, this limited supply could drive the price higher in the long run.
CRV/USDT :Anticipating a Bullish Breakout to 0.950 Resistance ?1. Resistance Area - 0.950:
CRV/USDT has shown historical price resistance at the 0.950 level. This level has consistently capped price advances in the past, causing retracements. Traders should pay close attention to this level as it can act as a significant barrier to further upside potential.
2. Current Price Range - 0.790 to 0.800:
At the time of analysis, CRV/USDT is trading between 0.790 and 0.800. This consolidation phase indicates a temporary equilibrium between buyers and sellers. The price action suggests potential accumulation before a potential breakout.
As the market sentiment turns bullish, there is a strong likelihood of a price pump towards the resistance area at 0.950.
3. Formation of Higher Lows:
Since April 19, 2023, CRV/USDT has been forming a series of higher lows on the price chart. This pattern indicates a potential bullish trend in the making. As buyers step in at higher price levels, it signifies an increasing demand for the cryptocurrency. Combined with the current consolidation, this pattern enhances the likelihood of an impending bullish move.
4. Liquidity Grab from May 5, 2023 Highs:
The market is expected to take liquidity from the highs recorded on May 5, 2023. In the cryptocurrency market, liquidity zones often act as attractive price targets for traders. As CRV/USDT approaches the previous high liquidity zone, traders may expect increased volatility, resulting in potential price surges or pullbacks.
The market is displaying signs of potential bullishness as it consolidates around 0.790 - 0.800, forming higher lows since April 19, 2023. With the resistance level at 0.950 ahead, a breakout above this point may signal a significant price pump. However, caution should be exercised, and stop-loss orders should be placed strategically to manage risks effectively.
MATIC/USDT: Anticipating Bull Journey After a Corrective Phase ?In this technical analysis, we will examine the MATIC/USDT trading pair's recent price action and chart patterns.
1. Resistance Area - 0.8000-0.8150:
MATIC/USDT has been facing a significant resistance area around 0.8000-0.8150. Multiple attempts to break above this zone have resulted in pullbacks. Traders should closely monitor this level as a successful breakout could trigger a bullish rally. .
2. Expected Corrective Phase and Potential Buying Zone - 0.5500-0.6000:
Based on our analysis, we anticipate a corrective phase for MATIC/USDT in the near term. This retracement could find support around the 0.5500-0.6000 region, a crucial buying zone.
Traders looking to enter long positions may find this level attractive as it aligns with historical support and offers a favorable risk-to-reward ratio.
3. Continuation of Higher Lows Patterns and Liquidity Sweep:
Despite the resistance, MATIC/USDT has been forming higher lows, indicating potential bullish momentum. However, before resuming its upward trajectory, the price might perform a liquidity sweep towards the 0.5500-0.6000 support zone.
Such a move is a common occurrence in crypto markets and should not be mistaken for a trend reversal.
Conclusion:
In conclusion, MATIC/USDT presents an intriguing trading opportunity for followers of our Trading View ideas. The resistance area of 0.8000-0.8150 and the expected corrective phase towards 0.5500-0.6000 make for crucial decision points. Traders should exercise patience, wait for confirmation signals, and manage risk effectively for potential gains towards 0.9000 and beyond.
XTZ/USDT Analysis: Anticipating a Bullish Bounce Towards 1.055 ?
Introduction:
In this technical analysis, we will explore the potential trading opportunities for the XTZ/USDT pair. By employing a Gann Fibonacci tool and considering recent price movements, we have identified key buying areas and a profit-taking level.
Buying Area - 0.844 to 0.856:
Our analysis indicates that the XTZ/USDT pair has established a strong buying area between the 0.844 and 0.856 price levels.
Historical price action in this range suggests that there is significant support, making it an attractive entry point for traders. Buyers are likely to step in and defend their positions in this region, creating a potential price reversal.
Price Projection - Targeting 1.055:
Based on our analysis, we anticipate a bullish bounce in the XTZ/USDT pair with a price target of 1.055. This level is derived from a Gann Fibonacci tool, which is plotted from the high on April 16, 2023, to the low on June 10, 2023.
The 0.75 Fibonacci level aligns with the price target of 1.055, indicating a high probability of a strong resistance-turned-support zone. Traders can consider this level as a potential area to book profits.
Conclusion:
In summary, our technical analysis on the XTZ/USDT pair suggests a favorable trading opportunity. The buying area between 0.844 and 0.856 offers an attractive entry point, with a bullish bounce anticipated towards the 1.055 price level.
Additionally, the Gann Fibonacci tool reinforces the 1.055 level as a suitable area to book profits. As with all trading ideas, traders are encouraged to exercise caution and employ appropriate risk management measures.
GALA/USDT Targets Buying Area with PotentialIn this technical analysis, we'll explore the GALA/USDT's Harmonic patterns suggest a rejection from the current market price, signaling a potential bounce opportunity.
Buying Area - 0.02375 - 0.02400:
Our analysis indicates that the GALA/USDT pair has a strong buying area ranging between 0.02375 and 0.02400.
Traders seeking an entry point should consider accumulating GALA within this range, as it presents a favorable risk-to-reward ratio.
Price Target - 0.02490:
Based on our technical analysis, we expect GALA/USDT to experience a potential bounce in the near term, with a target price of 0.02490.
Traders can anticipate potential profit-taking opportunities around this price level.
Harmonic Pattern and Price Rejection:
A harmonics pattern has emerged on the GALA/USDT chart, suggesting a possible rejection from the current market price of 0.02430. The pattern indicates a corrective move, leading the price towards the aforementioned buying area of 0.02375 - 0.02400.
In summary, the GALA/USDT trading pair presents an intriguing opportunity for traders. The identified buying area of 0.02375 - 0.02400 offers a favorable entry point, while the price target of 0.02490 signals a potential upside.
AAVE: Potential Correction towards 69-70 and Bearish Order blockAAVE/USDT is currently facing a significant resistance area between 76 and 77. This zone has proven to be a strong barrier for the cryptocurrency, causing price consolidations and potential reversals.
However, our analysis suggests that a price correction is likely in the near term. We expect AAVE/USDT to correct towards the key support level at 69-70. This correction would provide traders with an opportunity to consider long positions at a more favorable entry point.
Furthermore, it is important to note the presence of a bearish order block at the resistance area of 76-77. A bearish order block indicates a significant concentration of sell orders and can act as a strong resistance level. Traders should closely monitor this order block as it may impede upward price movement and lead to increased selling pressure.
Conclusion :-
AAVE/USDT is facing resistance in the 76-77 zone, while a correction towards the support level at 69-70 is expected. Traders should be cautious of the bearish order block and monitor price movements accordingly.
Bitcoin Chart for Today's Future tradingKeep and eye on this resistance. Breaking above this line will help Bitcoin to exit from this consolidation and stay bullish
APT/USDT Faces Resistance Due to Token Unlocking ?
In this technical analysis, we will focus on APT/USDT, a prominent cryptocurrency pair.
Traders and investors should closely monitor these factors for potential trading opportunities.
Resistance Area at 7.7-7.9 due to Token Unlocking:
APT/USDT is currently facing a strong resistance area between 7.7-7.9, primarily due to an impending token unlocking event.
Token unlockings often introduce additional supply into the market, potentially causing downward pressure on the price.
Expected Price Dip towards 5.5-5.75 Levels:
Considering the bearish effects of the token unlocking event, there is a possibility of a price dip in APT/USDT. We anticipate the price to decline towards the range of 5.5-5.75 levels. Traders aiming for short-term profits can consider setting their take-profit targets within this range.
Bearish Event: Unlocking of Tokens:
The unlocking of tokens in APT/USDT is regarded as a bearish event due to the potential impact on supply and demand dynamics.
With additional tokens becoming available in the market, selling pressure may increase, potentially leading to a temporary price decline. Traders and investors should be aware of this bearish event and adjust their strategies accordingly.
Conclusion:
In conclusion, the technical analysis of APT/USDT suggests the presence of a strong resistance area due to an upcoming token unlocking event. Traders should exercise caution within the range of 7.7-7.9, as the unlocking may exert bearish pressure on the price.
An expected price dip towards the 5.5-5.75 levels presents potential short-term trading opportunities.
ADA/USDT Primed for Price Correction and Long-Term Buy ?
Overview:
In this technical analysis, we will examine ADA/USDT.
Traders and investors should closely monitor these levels for potential trading opportunities.
Resistance Area at 3100-3200:
ADA/USDT has encountered strong resistance in the range of 3100-3200. This area has historically acted as a significant barrier for price movement, causing price reversals or extended consolidation periods.
Traders should be cautious when considering long positions within this resistance zone, as a breakout above it may be required for sustained upward momentum.
Expected Price Correction towards 2500-2700 Levels:
We anticipate the pair to fall towards the range of 2500-2700. This correction is in line with the resistance area mentioned earlier and is a natural reaction to the strong selling pressure in that zone.
Traders seeking short-term profits can consider setting their take-profit targets within this range.
Long-Term Buying Opportunity at 2300-2400 Levels:
Should the price of ADA/USDT decline further, reaching the range of 2300-2400, it could present an excellent opportunity for long-term investors to accumulate positions.
Long-term buyers can consider this zone as an attractive entry point, taking advantage of potential future price appreciation.
Risk Management:
Proper risk management is crucial in any investment strategy. Traders should consider setting a stop-loss order above the identified resistance area to protect against unexpected price breakouts.
Conclusion:
In conclusion, the technical analysis of ADA/USDT suggests a potential price correction in the near term. With a resistance area between 3100-3200 and an expected downward movement towards 2500-2700, traders can identify potential short-term trading opportunities.
LDO/USDT :- Potential for Matic's Parallel Channel Breakout?
This technical analysis focuses on LDO/USDT , Traders and investors should closely monitor these factors as they present possible trading opportunities.
Buying Area at 1.8-1.85:
The range of 1.8-1.85 has proven to be a strong support area for LDO/USDT in the past. Traders have consistently entered the market at this range, leading to subsequent price increases. Therefore, buyers looking to establish long positions can consider entering within this range, as it provides an attractive risk-to-reward ratio.
Expected Price Bounce towards 2.2 and 2.4:
Based on recent price action and technical analysis, there are indications of a potential price bounce for LDO/USDT. We expect the pair to move towards the levels of 2.2 and 2.4, which have historically acted as significant resistance levels.
Matic's Parallel Channel and Potential Bounce:
An additional factor supporting the bullish outlook for LDO/USDT is Matic's movement within a parallel channel. The price of Matic is likely to bounce, potentially correcting towards 1.8 before finally reaching the levels of 2.2 and 2.4.
Risk Management:
As with any investment, it is crucial to implement proper risk management strategies. Traders should consider setting a stop-loss order below the identified buying area to mitigate potential losses. This will help protect against unexpected price declines and preserve capital.
Conclusion:
In conclusion, the technical analysis of LDO/USDT suggests the potential for a bullish reversal. With a buying area between 1.8-1.85 and an expected price bounce towards 2.2 and 2.4, traders can identify favorable trading opportunities. Matic's movement within a parallel channel adds further support to the bullish narrative.
ETH/USDT: Analyzing Price Trends and Key Levels
Introduction:
In this technical analysis, we will delve into the ETH/USDT trading pair and explore crucial levels and patterns that can assist traders in making informed decisions. We will focus on the selling area at 1920 and 1940, anticipate a potential correction towards 1800, and analyze the significance of an inside bar formation within the selling area.
1. Selling Area at 1920 and 1940:
ETH/USDT has encountered strong resistance at the price levels of 1920 and 1940. These levels have proven to be significant barriers in the recent price action, suggesting a higher probability of a downward price movement.
We observe the formation of an inside bar within the selling area of 1920 and 1940. This formation reinforces the notion of a potential price reversal, as it indicates a period of consolidation and indecision among market participants
2. Expected Price Correction towards 1800:
Considering the strong resistance mentioned above, we anticipate a price correction in the ETH/USDT pair.
In this case, we expect the price to retreat towards the support level around 1800. This level has historically demonstrated a strong buying interest, making it a potential target for long positions or profit-taking for short trades.
Conclusion:
By analyzing the ETH/USDT trading pair, we have identified a significant selling area at 1920 and 1940, suggesting potential short opportunities. Furthermore, we anticipate a price correction towards the support level of 1800.
LTC/USDT Potential for Bullish Reversal Ahead of Halving Event !
The upcoming Litecoin halving event, scheduled to occur in one month, adds to the bullish narrative. Traders and investors should closely monitor these factors as they could present promising trading opportunities.
Buying Area at 90-93:
The LTC/USDT pair has historically exhibited strong support levels within the range of 90-93. This range has proven to be a significant area where buyers have entered the market, leading to subsequent price increases.
Traders seeking to initiate long positions can consider buying within this range, as it offers a favorable risk-to-reward ratio.
Expected Price Bounce towards 125-130:
Based on recent price action and technical indicators, there are indications of a potential price bounce for LTC/USDT. We anticipate the pair to move towards the range of 125-130, which has previously acted as a notable resistance level.
LTC Halving as a Bullish Factor:
An additional bullish factor for Litecoin is the upcoming halving event, scheduled to take place in one month.
During halvings, the block rewards for miners are reduced by half. This event has historically triggered a supply reduction and increased demand, leading to price appreciation.
Additionally, monitoring market developments and adjusting stop-loss levels as the trade progresses is recommended.
Conclusion:
In conclusion, the technical analysis of LTC/USDT suggests the potential for a bullish reversal. With a buying area between 90-93 and an expected price bounce towards 125-130, traders can identify favorable trading opportunities. The upcoming Litecoin halving event adds to the bullish narrative. However, it is essential to implement effective risk management strategies and stay informed about market dynamics.
Technical Analysis of SHIB/USDT :- Buy for the Bag?
Buyers' Area at 690-700:
The SHIB/USDT pair has shown a consistent pattern of support within the range of 690-700. This area has proven to be a strong support level in the past, with the price often rebounding from this range.
Traders looking to enter the market can consider buying within this area, as historical data suggests a high probability of price appreciation.
Expected Price Bounce towards 830-840:
Based on the recent price action and technical indicators, there is a strong likelihood of a bullish reversal in the SHIB/USDT pair. We anticipate a potential price bounce towards the range of 830-840.
Traders aiming for a short-term profit may consider setting their take-profit targets around this range.
Traders should consider setting a stop-loss order below the identified buying area to protect against unexpected price declines. This will help limit potential losses and preserve capital in case the market moves against the anticipated trend.
Conclusion:
In conclusion, the technical analysis of SHIB/USDT indicates a potential bullish reversal. With a buying area between 690-700 and an expected price bounce towards 830-840, traders may find attractive trading opportunities. However, it is important to implement effective risk management strategies and stay informed about any significant market developments.
SUI/USDT Analysis: Buying Areas and probable Liquidity Sweep ?SUI/USDT Technical Analysis: Buying Opportunity, Anticipated Price Bounce, and Potential Liquidity Sweep
SUI/USDT presents a compelling buying opportunity within the range of 6300-6400. This price zone serves as an attractive area for market participants looking to accumulate positions. Timing is crucial to capture potential upside movements.
Based on our technical analysis, an expected price bounce in the near future is projected for SUI/USDT. Traders can target the range of 8400-8500 as potential profit-taking levels.
It is important to note that these levels may act as areas of resistance, attracting selling pressure.
A liquidity sweep at the 5100 level is a possibility to consider before SUI/USDT re-claims the buying area of 6300-6400.
By patiently waiting for the liquidity sweep and subsequent re-claim of the desired range, traders can optimize their entries, minimizing risk and maximizing potential gains.
In conclusion, SUI/USDT offers a buying opportunity within the range of 6300-6400. Traders should be alert to potential price bounces in the range of 8400-8500, while also considering the possibility of a liquidity sweep at the 5100 level.
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WOO/USDT Technical Analysis: Strong Supports and Targets ?
WOO/USDT is currently situated at a significant support level, indicating a strong foundation for potential price appreciation.
The range of 0.2200 - 0.2300 serves as an attractive area for buyers looking to accumulate positions. The buying pressure observed suggests market participants are stepping in to take advantage of this level.
Based on our technical analysis, an expected price bounce in the near term is anticipated for WOO/USDT. Traders should consider potential targets in the range of 0.2800 - 0.2900.
These levels could act as areas of resistance where profit-taking or selling pressure might emerge.
It is important to acknowledge that a corrective phase could occur before the anticipated bounce in price. The correction may potentially retest the support range of 0.2100 - 0.2200. This retracement, if it materializes, would provide an opportunity for buyers who missed initial entry points to engage in the market.
In conclusion, WOO/USDT is positioned at a strong support level, accompanied by increasing buying pressure. Traders are encouraged to consider accumulating positions within the range of 0.2200 - 0.2300. Price targets for the expected bounce lie in the range of 0.2800 - 0.2900, while a corrective phase could retest the support area of 0.2100 - 0.2200. By closely monitoring price action, traders can capitalize on potential buying opportunities and enhance their trading strategies.
Title: APT/USDT Technical AnalysisTitle: APT/USDT Technical Analysis: Strong Support, Increasing Buying Pressure, and Bullish Breakout Suggest Potential Price Bounce ?
APT/USDT is currently positioned at a crucial support level, showcasing the strength of 7.6-7.8 as it acts as a support-resistance flip.
Previously a resistance area, it has now transitioned into a solid support level. This shift in market sentiment reflects the increasing buying pressure and the buyers' determination to defend this level.
Based on our technical analysis, there is an optimistic expectation for the price of APT/USDT to experience a bounce in the near future. The strong support at 7.6-7.8 indicates a favorable environment for buyers to regain control.
Furthermore, recent market developments have shown a bullish breakout above the critical range of 7.6-7.8. This breakout signifies that buyers have successfully reclaimed the area and gained dominance over the sellers.
If the bullish momentum continues, and the breakout is confirmed, it is likely to attract additional buying interest, potentially pushing the price toward the target range of 10-11.
Technical Analysis: PEPE/USDT - Potential Upside?Technical Analysis: PEPE/USDT - Strong Support and Potential Upside
When analyzing the PEPE/USDT chart, it becomes evident that the token is currently positioned at a robust support level, accompanied by a noticeable surge in buying pressure. However, it is important to note that sellers are also consolidating their position, seeking to drive the price downwards.
For traders considering entry points, the buying area for PEPE/USDT is recommended at 170-173, with an average entry at 160-163 for a more diversified approach. This strategy allows investors to capitalize on the ongoing buying pressure while minimizing potential risks.
Based on our analysis, we anticipate a bounce in price towards the range of 220-230. This potential upside presents an attractive opportunity for traders seeking profit potential in the PEPE/USDT market. It is crucial to monitor the price action closely and consider taking profit within this target range.
To manage risk effectively, we advise setting a stop-loss order at 132. This stop-loss level acts as a safety net, protecting traders from significant losses in case the market dynamics change unexpectedly.
By following these technical indicators and employing a well-defined trading strategy, investors can make informed decisions in the PEPE/USDT market. Stay updated with price movements and market developments to optimize your trading outcomes.
Double Top Patten Or Poll And Flag Patten in Bitcoin What do you think? It's A Double Top Patten Or It's a Big Trap (Bitcoin)
After a Strong breakout of 27,000 Flag patterns with volume. Bitcoin easily achieved the 31,456 level in just 4 days this is a 2023 new High of bitcoin.
📢What is the next movement of Bitcoin?
As is shown in Bitcoin Chat Last Recently when the "Poll and Fleg" pattern breakout there are Two levels where the price will go...
1️⃣First Price Level 31000
the top of the poll and flag pattern
2️⃣Second Price Level 38000
According to the poll hight
So,
Bitcoin achieved 31000Level, and Now it was stuck at (31,450 to 29,530) in this whole week. As we show other Markets were going down like Indian stock, Gold, and Forex market. But in the case of Bitcoin, I thought its a "Distribution Zone"
Or
The second scenario is buyers are booking their profit. Because in the Daily chart, bitcoin was not close to any candle above the 31,000 level this show that
This is a "Double Top Patten" is making...
??? What are you think about it let me know in the Comment or Reply section!!!!
BITCOIN MARKET ANALYSIS: MAJOR SUPPORTBitcoin is hanging by a thread and is at critical support on the higher time frames. It is at key demand zone of 25.4k - 24k zone. If the level holds, we could see a rally in BTC towards 36k-40k.
However a break of 24k with candle closure, is not going to end well. We could see a further correction to 18k if this were to play out.
Watch these levels closely in the coming days/weeks.