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FX.co ★ BTC analysis for July 08,.2021 - Breakout of the symmetrical triangle and potential for drop towards $30.000

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Crypto Analysis:::2021-07-08T12:04:02

BTC analysis for July 08,.2021 - Breakout of the symmetrical triangle and potential for drop towards $30.000

Technical analysis:

BTC analysis for July 08,.2021 - Breakout of the symmetrical triangle and potential for drop towards $30.000

BTC has downside and there is the breakout of the symmetrical triangle and downside continuation.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside targets at $30.000 and $29.000.

Stochastic is showing oversold condition but with no bull cross....

Resistance is set at $33.400

Analyst InstaForex
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