BTC update for October 04, 2023 – Broken triangle pattern
October 4, 2023 9:25 am
Technical analysis:
BTC/USD has been trading-downside in the background and I found potetnial for the rejection of the support and further rally.
Due to the breakout of the triangle pattern in the background and potential completion of the pullbacks, I see chance for the further rally towards next upside reference.
Upside objective is set at the price of $28.580
RSI oscillator is showing positive reversals, which is good sign for the further rally…
Support level is set at the price of $27.200
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading-downside
in the background and I found potetnial for the rejection of the
support and further rally.
Due
to the breakout of the triangle pattern in the background and
potential completion of the pullbacks, I see chance for the further
rally towards next upside reference.
Upside
objective is set at the price of $28.580
RSI
oscillator is showing positive reversals, which is good sign for the
further rally…
Support
level is set at the price of $27.200
The material has been provided by InstaForex Company – www.instaforex.com
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