Technical analysis:
BTC/USD has been trading sideways at the price of $29.000 and I see potential for the breakout mode in the play.
Due to the defined triangle pattern, I see potential for the breakout.
In case of the breakout of resistance at $30.000, I see potential for the rally towards $31.000 and $34.000
In case of the breakout of the support at $27.000, I see potential for the downside movement towards $25.150 and $20.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading
sideways
at the price of $29.000 and I see potential for the breakout mode in
the play.
Due
to the defined triangle pattern, I see potential for the breakout.
In
case of the breakout of resistance at $30.000, I see potential for
the rally towards $31.000 and $34.000
In
case of the breakout of the support at $27.000, I see potential for
the downside movement towards $25.150 and $20.000
The material has been provided by InstaForex Company – www.instaforex.com
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