BTC update for May 23,.2023 – Breakout of the triangle to the upside
May 23, 2023 8:24 am
Technical analysis:
BTC/USDhas been trading upside this morning but I found breakout of the triangle pattern, which is good sign for the further higher prices.
Due to the fake breakout of the support in the background and the breakout of the triangle pattern, I see potential for the further growth towards upside references.
Upside objectives are set at $28.330 and $29.715
MACD oscillator is showing fresh bull reading, which is good sign for the further higher prices.
Key support is set at the price of $26.400
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USDhas
been trading upside
this morning but I found breakout
of the triangle pattern, which is good sign for the further higher
prices.
Due
to the fake breakout of the support in the background and the
breakout of the triangle pattern, I see potential for the further
growth towards upside references.
Upside
objectives are set at $28.330
and $29.715
MACD
oscillator is showing fresh bull reading, which is good sign for the further higher prices.
Key
support is set at the price of $26.400
The material has been provided by InstaForex Company – www.instaforex.com
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