Technical analysis:
BTC/USD has been trading upside as I expected but there is still potetnial for the further rally towards the upside reference.
Due to the breakout of the supply trend-line in the background and lack of selling power, I see potential for the further rally.
Upside objective is set at the price of $28.580
RSI oscillator is showing bullish reading and hidden bullish divergence, which is good sign for the further higher prices.
Support 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 upside
as I expected but there is still potetnial for the further rally
towards the upside reference.
Due
to the breakout
of the supply trend-line in the background and lack of selling power,
I see potential for the further rally.
Upside
objective is set at the price of $28.580
RSI
oscillator is showing bullish
reading and hidden bullish divergence, which is good sign for the
further higher prices.
Support
is set at the price of $27.200
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: