Main Quotes Calendar Forum
flag

FX.co ★ BTC analysis for May 14,.2021 - Downside continuation in the play

parent
Forex Analysis:::2021-05-14T11:41:01

BTC analysis for May 14,.2021 - Downside continuation in the play

Technical analysis:

BTC analysis for May 14,.2021 - Downside continuation in the play

BTC has been trading sideways at the price of $50.000 but i still see potential for the downside continuation.

Trading recommendation:

Watch for potential selling opportunities with the downside targets at $45.335 and $43.075.

There is the big supply zone around $51.300.

Stochastic oscillator is showing overbought condition, which is another indication for the downside movement.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...