BTC update for May 31,.2023 – Potential completion of the ABC downside correction
May 31, 2023 9:22 am
Technical analysis:
BTC/USD has been trading downside today and I see potential for the end of the downside correction ABC, which is good sign for the further higher prices.
Due to the strong mid-long term upside trend and potential end of the downside correction ABC, i see potential for the further growth.
Upside objective is set at the price of $28.450
Fast Stochastic oscillator is showing oversold condition and potential for the upside rotation….
Key support is set at the price of $26.900
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading downside
today and I see potential for the end of the downside correction ABC,
which is good sign for the further higher prices.
Due
to the strong mid-long term upside trend and potential end of the
downside correction ABC, i see potential for the further growth.
Upside
objective is set at the price of $28.450
Fast
Stochastic
oscillator is showing oversold condition and potential for the upside rotation….
Key
support
is set at the price of $26.900
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: