BTC update for September 18, 2023 – Potential for the pullback
September 18, 2023 3:24 pm
Technical analysis:
BTC/USD has been trading this this morning and I found potential buying climax in the background, which is sign for the potential downside movement and correction.
Due to the buying climax in the background and the sideways condition, I see potential for the downside rotation towards lower reference.
Downside objective is set at the price of $26.840
RSI oscillator is showing bullish extension and potential for the downside correction.
Key resistance is set at the price of $27.500
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading this
this morning and I found potential buying climax in the background,
which is sign for the potential downside movement and correction.
Due
to the buying climax in the background and the sideways condition, I
see potential for the downside rotation towards lower reference.
Downside
objective is set at the price of $26.840
RSI
oscillator is showing bullish
extension and potential for the downside correction.
Key
resistance is set at the price of $27.500
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: