Technical analysis:
BTC/USD has been trading sideways at the price of $29.150 but I see potential for the further downside movement.
Due to potential completion of the ABC upside correction, I see further downside movement towards lower references.
Downside objectives are set at the price of $28.950 and $28.755
Stochastic oscillator is showing fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of $29.380
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading sideways
at the price of $29.150 but I see potential for the further downside
movement.
Due
to potential completion of the ABC upside correction, I see further
downside movement towards lower references.
Downside
objectives
are set at the price of $28.950 and $28.755
Stochastic
oscillator is showing fresh downside cross, which is another good
sign for the further downside movement.
Key
resistance is set at the price of $29.380
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: