BTC update for October 27, 2023 – Symmetrical triangle in creation
October 27, 2023 10:25 am
Technical analysis:
BTC/USD has been trading sideways at the price of $34.000 and I found that symmetrical triangle pattern is in creation and that there is potential for the breakout mode.
In case of the breakout of support at $33.200, there is the chance for the further drop towards downside objective at $32.200 and $30.700
In case of the upside breakout of the resistance $35.200, there is the chance for the upside movement towards $37.00
The material has been provided by InstaForex Company – www.instaforex.com
Technical analysis:
BTC/USD has been trading sideways at the price of $34.000 and I found that symmetrical triangle pattern is in creation and that there is potential for the breakout mode.
In case of the breakout of support at $33.200, there is the chance for the further drop towards downside objective at $32.200 and $30.700
In case of the upside breakout of the resistance $35.200, there is the chance for the upside movement towards $37.00
The material has been provided by InstaForex Company – www.instaforex.com
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