BTC update for May 26,.2023 – Testing of the resistance cluster at $26.000
May 26, 2023 8:23 am
Technical analysis:
BTC/USD has been trading upside this morning and I found test of the previous support cluster at the price of $26.600. I see 2 scenarios around this key support level.
In case of the upside breakout of the $26.600 and hold above, there is potential for the rally towards next major resistance at $27.475
In case of the downside rotation and rejection of the resistance at $26.000, there is chance for the rotation downside towards support zone at $25.900
Faster Stochastic oscillator is showing fresh bear cross and oversold condition….
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading upside
this morning and I found test of the previous support cluster at the
price of $26.600. I see 2 scenarios around this key support level.
In
case of the upside breakout of the $26.600
and hold above,
there is potential for the rally towards next major resistance at
$27.475
In
case of the downside rotation and rejection of the resistance at
$26.000,
there is chance for the rotation downside towards support zone at
$25.900
Faster
Stochastic oscillator is showing fresh bear cross and
oversold condition….
The material has been provided by InstaForex Company – www.instaforex.com
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