Technical analysis:
BTC/USD has been trading in the sideways range at the price of$26.800 but I see potential for the downside movement towards the lower reference.
Due to the reversal pattern in the background and test of resistance at $27.000, I see potential for the downside movement towards lower reference.
Downside objective is set at the price of $26.300
MACD oscillator is showing downside reading, which is good sign for the further downside movement.
Key resistance is set at the price of $27.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading in the sideways range at the price of$26.800
but I see potential for the downside movement towards the lower
reference.
Due
to the reversal pattern in the background and test of resistance at
$27.000,
I see potential for the downside movement towards lower reference.
Downside
objective is set at the price of $26.300
MACD
oscillator is showing downside
reading, which is good sign for the further downside movement.
Key
resistance is set at the price of $27.000
The material has been provided by InstaForex Company – www.instaforex.com
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