Technical analysis:
BTC/USD has been trading sideways at the price of $28.475 in the defined triangle range. There is potential for the breakout mode.
In case of the upside breakout of resistance at $29.900, upside movement towards $31.000 and $34.000 can be in the play.
In case of the breakout of support $27.000, downside movement towards $21.400 can be in the play.
Pay attention on the potential breakout….
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading
sideways
at the price of $28.475 in the defined triangle range. There is
potential for the breakout mode.
In
case of the upside breakout of resistance at $29.900, upside movement
towards $31.000 and $34.000 can be in the play.
In
case of the breakout of support $27.000, downside movement towards
$21.400 can be in the play.
Pay
attention on the potential breakout….
The material has been provided by InstaForex Company – www.instaforex.com
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