Technical analysis:
BTC/USD has been trading downside yesterday but I found potential fake breakout of the trading range due to lack for selling after the breakout.
Due to the strong upside cycle on mid-long term and the potential for the fake breakout of the range, I see potential for the further rally.
Upside objectivse are set at the price of $26.450, $26.650 and $27.500
RSI oscillator is showing oversold condition and bullish divergence, which is good sign for the further rally.
Intraday support is set at the price of $25.900
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading downside
yesterday but I found potential fake breakout of the trading range
due to lack for selling after the breakout.
Due
to the strong upside cycle on mid-long term and the potential for the
fake breakout of the range, I see potential for the further rally.
Upside
objectivse
are
set
at the price of $26.450,
$26.650 and $27.500
RSI
oscillator is showing oversold condition and bullish divergence,
which is good sign for the further rally.
Intraday
support is set at the price of $25.900
The material has been provided by InstaForex Company – www.instaforex.com
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