Technical analysis:
BTC/USD has been trading downside but I found rejection of the key support level at $27.000, which is good sign for the further upside rotation.
Due to the strong rejection of the key support at $27.000 and the strong upside cycle in the background, I see potential for the further rally.
Upside objectives are set at the price of $28.240 and $29.700
MACD oscillator is showing bullish divergence, which is good sign for the further rally…
Key support 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 downside
but
I found rejection of the key support level at $27.000, which is good
sign for the further upside rotation.
Due
to the strong rejection of the key support at $27.000 and the strong
upside cycle in the background, I see potential for the further
rally.
Upside
objectives are set at the price of $28.240
and $29.700
MACD oscillator
is showing bullish
divergence, which is good sign for the further rally…
Key
support is set at the price of $27.000
The material has been provided by InstaForex Company – www.instaforex.com
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