Technical analysis:
BTC/USD has been trading downside in the background but I found test and rejection of the key support zone at $28.800.
Due to the rejection of the key support zone and the short-term upside trend, I see potential for the upside movement.
Upside objectives are set at the price of $29.580 and $29.900
MACD oscillator is showing decrease in the downside power, which is good sign for the further rally.
Key support is set at the price of $28.800
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD has
been
trading
downside
in the background but I found test and rejection of the key support
zone at $28.800.
Due
to the rejection
of the key support zone and the short-term upside trend, I see
potential for the upside movement.
Upside
objectives are set at the price of $29.580 and $29.900
MACD
oscillator is showing
decrease
in the downside power, which is good sign for the further rally.
Key
support
is set at the price of $28.800
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: