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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.
Breakdown from the 76.28–88.60 range on Oct 29, holding under it, price at the floor of the move since
The structure is bearish: it broke down from its month-long range and has held it.
Backing it: the indicators favour the sellers' side; against it: the weekly chart is up.
Price is under the 50-day average (80.47). It is over the 200-day average (64.30).
The last 5 days are down 2.0%, nearly every high lower than the one before.
Price is 7.8% under 78.37, the top of the range it has built since the bounce, and 0.0% over 72.25, the low of that range.
For it: price is under the average price buyers have paid since the 54.07 low, 78.00, so those buyers are losing money; more trading has happened on down candles than on up ones, so sellers have been the more active side.
Against it: the weekly chart is up.
67.00 below and 72.44 above are the lines; a daily close past either is the move.
A 1D close above 72.44 clears the top of the range; the next level up is 73.74.
A 1D close below 67.00 breaks down out of the range; the next level down is 64.98.
73.74, the 2-TF resistance 2.1% above price: sellers turned price there on 4 of 7 visits, on thin volume — little traded there.
73.22, an order block 1.4% above price: sellers turned price there on 3 of 6 visits, on thin volume — little traded there.
72.44, an order block 0.3% above price: sellers turned price there on 3 of 5 visits, on thin volume — little traded there.
On Oct 29 WBT closed below the 76.28–88.60 range it had held for a month. It slipped back inside on Nov 4 and is under the old floor, 76.28, again now.
Price is at the floor of the 72.25–78.37 range.
The weekly picture: a weekly uptrend, 43% under the cycle high; on the daily, price is above the 200-day average (64.30), and the 50-day average is above the 200-day average. The daily has no trend of its own.
Against BTC: over the last 5 daily candles WBT moved -2.0% and BTC -1.2% — WBT is moving with it.
The trend has been the buyers': the weekly chart is up.
The breakdown has backing. Price is under the average price buyers have paid since the 54.07 low, 78.00, so those buyers are losing money. More trading has happened on down candles than on up ones, so sellers have been the more active side.
What doesn't fit: The trend is weak — ADX 23, under the 25 where a trend is real, with buyers only slightly ahead (−DI 22, +DI 24). These are the weak spots in the breakdown.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 88.60 | +22.7% | swing, read |
| Swing high | 80.47 | +11.3% | swing, read |
| 2-TF resistance | 78.37 | +8.5% | confluent, golden pocket |
| 3-TF resistance | 77.34 | +7.1% | confluent, fib |
| Swing high | 76.28 | +5.6% | swing, read |
| Golden pocket | 75.92 | +5.1% | golden pocket, fib |
| Fib retracement | 75.17 | +4.1% | fib, sr |
| Monthly open | 74.38 | +3.0% | calendar, fib |
| 2-TF resistance | 73.74 | +2.1% | confluent, calendar |
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