BTC/USD update for May 18,.2023 – Rejection of the key support zone
May 18, 2023 12:24 pm
Technical analysis:
BTC/USD has been trading upside yesterday and I found reversal bar to the upside and rejection of the key support, which is good sign for the further rally.
Due to the test and rejection fo the key support and the short and mid term upside trend, I see potential for the rally towards upside references.
Upside objective is set at the price of $29.700
Key support is set at the price of $26.500
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
BTC/USD
has been trading upside
yesterday and I found reversal bar to the upside and rejection of the
key support, which is good sign for the further rally.
Due
to the test and rejection fo the key support and the short and mid
term upside trend, I see potential for the rally towards upside
references.
Upside
objective is
set at the price of $29.700
Key
support is set at the price of $26.500
The material has been provided by InstaForex Company – www.instaforex.com
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