BTC update for June 07,.2023 – First upside objective reached, potentia lfor the further rally
June 7, 2023 8:25 am
Technical analysis:
BTC/USD has been trading upside as I expected and the market reached first upside objective at $27.415. I also found fake breakout of the support at $25.800, which is good sign for the further rally.
Due to the mid and long term upside and the fake breakout of the support cluster at the price of $25.800, I see potential for the further rally towards next upside objective.
Upside objective is set at the price of $$28.450
MACD oscillator is showing positive reading, which is good sign for the fuhrer rally…
Key support level is set at the price of $25.800
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading upside
as I expected and the market reached first upside objective at
$27.415. I also found fake breakout of the support at $25.800, which
is good sign for the further rally.
Due
to the mid and long term upside and the fake breakout of the support
cluster at the price of $25.800, I see potential for the further rally
towards next upside objective.
Upside
objective is set at the price of $$28.450
MACD
oscillator is showing positive reading, which is good sign for the fuhrer rally…
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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