Main Quotes Calendar Forum
flag

FX.co ★ BTC update for May 31,.2022 - Buyers in control and potential for further rally

parent
Crypto Analysis:::2022-05-31T08:53:49

BTC update for May 31,.2022 - Buyers in control and potential for further rally

Technical analysis:

BTC update for May 31,.2022 - Buyers in control and potential for further rally

BTC has been trading upside as I expected. There is till chance for the price to hit my first upside objective at the $33.460.

Trading recommendation:

Due to the breakout of the downside channel in the background, I see potential for the further rally towards next upper references.

Watch for potential buying opportunities on the intraday pullbacks.

Upside objectives are set at the price of $33.460 and $37.000.

MACD oscillator is showing increasing in the upside momentum , which is sign that buyers are in control.

Support is set at the price of $25.510

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...