Technical analysis:
BTC/USD has been trading downside but I found test and reject of the key support level at $25.800. I see potential for the upside rotation.
Due to the mid and long term upside and the test of the key support level, I see potential for the further rally towards upside references.
Upside objective is set at the price of $27.400
RSI oscillator is showing oversold condition, which is good sign for the further upside movement.
Key support level is set at the price of $25.800
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading downside
but
I found test and reject of the key support level at $25.800. I see
potential for the upside rotation.
Due
to the mid and long term upside and the test of the key support
level, I see potential for the further rally towards upside
references.
Upside
objective is set at the price of $27.400
RSI oscillator is showing oversold condition, which is good sign for the
further upside movement.
Key
support level is set at the price of $25.800
The material has been provided by InstaForex Company – www.instaforex.com
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