Technical analysis:
BTC/USD has been trading sideways this morning at the price of $27.975 and I see potetnial for the breakout play.
Due to the big contraction this morning and the upside cycle in the background, I see potential for the higher prices.
In case of the breakout of the $28.120, I see further rally towards $28.650.
MACD oscillator is showing decreasing on the downside momentum, which is another good sign for the rally.
Swing low potential support set at the price of $27.660
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading
sideways
this morning at the price of $27.975 and I see potetnial for the
breakout play.
Due
to the big contraction this morning and the upside cycle in the background, I see potential for the higher prices.
In
case of the breakout of the $28.120, I see further rally towards
$28.650.
MACD
oscillator is showing decreasing on the downside momentum, which is
another good sign for the rally.
Swing
low potential support set at the price of $27.660
The material has been provided by InstaForex Company – www.instaforex.com
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