BTC update for August 18,.2023 – First objectives has been reached, potential for the further drop
August 18, 2023 10:23 am
Technical analysis:
BTC/USD has been trading downside as I expected and the price reached first downside objective at $27.525. There is the chance for the further lower prices.
Due to the strong downside momentum on after the breakout, I see potential for the further drop towards next downside reference.
Downside objective is set at the price of $24.820
Resistance is set at the price of $28.760
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading downside
as I expected and the price reached first downside objective at
$27.525. There is the chance for the further lower prices.
Due
to the strong downside momentum on after the breakout, I see
potential for the further drop towards next downside reference.
Downside
objective is set at the price of $24.820
Resistance
is set at the price of $28.760
The material has been provided by InstaForex Company – www.instaforex.com
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