BTC update forJune 01,.2023 – Potential for the downside movement towards support cluster
June 1, 2023 8:24 am
Technical analysis:
BTC/USD has been trading downside yesterday and I found that price did back into the defined trading range. There is the chance for the price to go lower towards upport cluster.
Due to the failed breakout of the trading range to the upside, I see potential for the downside movement towards support cluster….
Downside objective is set at the price $26.054
MACD oscillator is showing downside reading, which is good sign for the further lower prices….
Key support cluster is set at the price of $26.000
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading downside yesterday and I found that
price did back into the defined trading range. There is the chance
for the price to go lower towards upport cluster.
Due to the failed breakout of the trading range to the upside, I see potential for the downside movement towards support cluster….
Downside
objective is set at the price $26.054
MACD
oscillator is showing downside
reading, which is good sign for the further lower prices….
Key
support cluster is set at the price of $26.000
The material has been provided by InstaForex Company – www.instaforex.com
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