BTC/USD Indicates a potential trend reversal.Current Price Range:
Sell: 110,869.26
Buy: 110,869.26 (same as sell at the moment of the screenshot)
Indicators & Tools:
LuxAlgo indicator is active, providing support and resistance signals.
There are multiple marked zones and annotations such as:
Support and Resistance levels (colored boxes)
CHoCH (Change of Character): Indicates a potential trend reversal.
HL (Higher Low): Signifies the continuation of an uptrend.
Trade Setup:
A potential long trade (buy position) is outlined:
Entry zone: Marked above the resistance breakout.
Target: Projected higher, around the 114,000 zone.
Stop loss: Indicated below the entry zone, around 107,106.
A large blue rectangle highlights the risk-reward area (green for reward, red for risk).
Price Action:
BTC has broken through a resistance level, suggesting a bullish momentum.
Chart structure shows a clear uptrend with retracements.
Date & Time:
Chart time is around May 22, 2025, 01:00 UTC.
The current time on the system is 8:30 AM, May 22, 2025.
This chart is likely being used for short-term swing or intraday trading based on technical patterns and support/resistance zones. The analysis indicates a bullish outlook with a well-defined entry and target plan.
