Corona virus summary:
Australia's Prime Minister Scott Morrison said all members of the World Health Organization (WHO) should cooperate with a proposed independent review into the spread of coronavirus. (04.35) And the US government announced that it will assess whether the World Health Organization is being run the way that it should be. (02.30) Meanwhile Germany's Angela Merkel called the WHO an "indispensable partner" (08.55) and China donated a further $30 million to the organization, which is seeking more than $1 billion to fund its battle against the coronavirus pandemic. (10.02)
Technical analysis:
BTC been trading upwards. The price tested and rejected of the major resistance pivot at the price of $7,200. Be careful with buying into the resistance. My advice is to wtach for selling opportunities if you see any intrraday bearish pattern.
Trading recommendation:
Watch for potential selling opportunities and eventual breakout of the rising support trendline in the backgorund. There is potential for the downside rotation towards the levels at $6,770 and $6,465.
Stochastic oscillator is showing overbought condition and potential for the rotation to the downside.
