Technical analysis:
BTC/USD has been trading sideways at the price of $30.400 and I see potential for the breakout mode.
Due to the multi day consolidation, I see potential for the breakout play.
Downside objectives are set at the price of $1.861 and $1.812
In case of the breakout of the resistance at the price of $31.000, I see potential for the upside movement towards the $34.500
In case of the downside breakout of the support at the price of $29.800, I see potential for the downside movement towards $26.900
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading sideways
at the price of $30.400 and I see potential for the breakout mode.
Due
to the multi day consolidation, I see potential for the breakout
play.
Downside
objectives
are set at the price of $1.861 and $1.812
In
case of the breakout of the resistance at the price of $31.000, I see
potential for the upside movement towards the $34.500
In
case of the downside breakout of the support at the price of $29.800,
I see potential for the downside movement towards $26.900
The material has been provided by InstaForex Company – www.instaforex.com
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