On the 4H candles, BYBIT:SQRUSDT is ranging between $0.5 and $0.6.
$0.5 has been holding support for a month now. Breaking it would mean further downside price action for BYBIT:SQRUSDT on the short term.
On the daily candles, the structure still looks bullish with an RSI on the neutral level.
BYBIT:SQRUSDT still holding support on the 4-hours chart. Bulls are heavily supporting the price everytime it drops below $0.5. This type of consolidations will be very important when the altcoin season will start.
The daily chart is still bullish. Nothing to be worried about as long as we don't have a daily closure below $0.41.
On the 4 hourly candles, we've seen a beautiful wick to catch liquidity at around $0.43 with a very strong bounce back up to $0.6 levels.
This shows that buyers are stronger than sellers and this is therefore extremely bullish for the near future.
On the daily candles, the structure is unchanged. We sill have strong support between $0.4 and $0.43.
Keep accumulating!
BYBIT:SQRUSDT did not go lower to retest previous order block at about $0.5. Instead, it went straight up and is now testing resistance at $0.55.
It is still showing a bullish structure on the daily candles. RSI still have more upwards margin before reaching overbought levels. Next level to watch is around $0.6 as it matches with the next fibonacci level of 0.5.
BYBIT:SQRUSDT just hit 0.382 Fibonacci retracement levels on the 4H chart. We can expect to see some downwards movement with a consolidation at around $0.5 before bouncing back to higher levels.
On the daily candles, BYBIT:SQRUSDT is showing a bullish structure. We have seen a strong bounce on the previous support at around $0.41. RSI is still neutral so there...
