Main Quotes Calendar Forum
flag

FX.co ★ BTC analysis for June 01,.2021 - Completion of the ABC upside correction and potentia lfor downside movement

parent
Crypto Analysis:::2021-06-01T12:38:39

BTC analysis for June 01,.2021 - Completion of the ABC upside correction and potentia lfor downside movement

Technical analysis:

BTC analysis for June 01,.2021 - Completion of the ABC upside correction and potentia lfor downside movement

BTC has been trading downwards in last 12 hours and i see potential for the further downside movement.

Trading recommendation:

Watch for potential selling opportunities due to potential completion of the ABC upside correction and downside continuation.

Downside targets are set at the price of $33.850 and $29.120.

Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside rotation.

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...