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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
After the spike to 2.762: a 0.8701–2.687 range, price in the lower third
The setup is bullish while BTW holds over 0.8701: both edges of 0.8701–2.687 have held.
Backing it: the indicators favour the buyers' side; against it: it is still digesting the spike.
Price is under the 50-day average (1.420).
The last 5 days are up 26.0%, nearly every low higher than the one before.
The base is tightening — lows rising to 1.068, highs falling to 1.586 — inside its 0.8701–2.687 edges.
What kills the setup: a daily close under 0.8701, 32.8% away.
For it: price is above the average price buyers have paid since the 0.05291 low, 0.4928, so those buyers are in profit; price is above the Monthly VWAP (1.078).
Against it: it is still digesting the spike; price is under the 50-day average (1.420).
While BTW holds over 0.8701 the setup stays bullish; 2.687 is the next line it has to clear.
A 1D close above 2.687 clears the top of the range; the next level up is 2.762.
A 1D close below 0.8701 ends the at the floor of a range; no tested level below it on this chart — the next round number is 0.8000.
0.8701 is where buyers keep showing up: it held 4 of 4 visits.
2.687 is the ceiling — the top of the base.
On Oct 14 BTW spiked to 2.762, 408% over its 30-day low, on 2× normal volume; it has since traded between 0.8701 and 2.762.
On the 1D chart, BTW has traded between 0.8701 and 2.687 since the bounce. Now at 1.155, it sits in the lower third of that range; the last daily close was 1.211.
The base is narrowing — the daily tops have come down from 1.885 to 1.586, and the bottoms have risen, 0.8781, then 0.9669, then 1.068.
The weekly picture: a weekly downtrend, 58% under the cycle high. The daily has no trend of its own.
Against BTC: over the last 5 daily candles BTW moved +26.0% and BTC -1.2% — BTW is the stronger chart.
The rising lows show buyers have stopped giving up ground. The indicators lean the buyers' way: price is above the average price buyers have paid since the 0.05291 low, 0.4928, so those buyers are in profit.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 2.762 | +138.4% | swing, read |
| Resistance | 2.687 | +132.6% | read edge |
| Swing high | 1.586 | +37.3% | swing, read |
| Daily open | 1.211 | +4.8% | calendar |
| 2-TF resistance | 1.169 | +1.2% | confluent, sr |
| 2-TF support | 1.131 | -2.1% | confluent, sr |
| Support | 1.124 | -2.7% | sr, swing |
| Order block | 1.120 | -3.0% | order block, calendar |
| Fib retracement | 1.100 | -4.8% | fib, eq liq |
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