BTC update for May 15,.2023 – Fake breakout of the support and potential for the rally
May 15, 2023 8:24 am
Technical analysis:
BTC/USD has been trading upside today and I found fake breakout of the support zone at $26.700, which is very good sign for the further upside movement.
Strong upside cycle in the background and fake breakout of the support are sign for the potential higher prices on BTC.
Upside objective is set at the price of $30.000
MACD oscillator is showing decreasing of the downside movement, which is good sign for the further rally.
Key support is set at the price of $26.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading upside
today and I found fake breakout of the support zone at $26.700, which
is very good sign for the further upside movement.
Strong
upside cycle in the background and fake breakout of the support are
sign for the potential higher prices on BTC.
Upside
objective
is set at the price of $30.000
MACD
oscillator is showing decreasing
of the downside movement, which is good sign for the further rally.
Key
support
is set at the price of $26.000
The material has been provided by InstaForex Company – www.instaforex.com
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