Technical analysis:
BTC/USD has been trading sideways at the price of $28.600 and I found that wedge pattern is in creation.
In case of the breakout of the resistance at $29.000 there is the chance for the rally towards the top of the pin-bar at $30.400
In case of the downside breakout of the support at $28.000, there is the chance for the drop towards the downside references at $27.600 and $27.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
BTC/USD has been trading sideways at the price of $28.600 and I found that wedge pattern is in creation.
In case of the breakout of the resistance at $29.000 there is the chance for the rally towards the top of the pin-bar at $30.400
In case of the downside breakout of the support at $28.000, there is the chance for the drop towards the downside references at $27.600 and $27.000
The material has been provided by InstaForex Company – www.instaforex.com
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