Technical analysis:
BTC/USD has been trading sideways at the price of $24.500 but I see potential for the downside continuation.
Due to the breakout of the multi day consolidation in the background and weak rally today, I see potential for the further downside continuation.
Downside objectives-are set at the price of $28.935 and $28.240
MACD oscillator is showing weak buying power and bearish divergence, which is another sign for the further downside continuation.
Resistance is set at the price of $29.600
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading sideways
at the price of $24.500 but I see potential for the downside
continuation.
Due
to the breakout of the multi day consolidation in the background and
weak rally today, I see potential for the further downside
continuation.
Downside objectives-are
set at the price of $28.935
and $28.240
MACD
oscillator is showing weak buying power and bearish divergence, which
is another sign for the further downside continuation.
Resistance
is set at the price of $29.600
The material has been provided by InstaForex Company – www.instaforex.com
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