Main Quotes Calendar Forum
flag

FX.co ★ BTC update for August 25,.2022 - Flag pattern in creation, watch for the breakout

parent
Crypto Analysis:::2022-08-25T08:37:05

BTC update for August 25,.2022 - Flag pattern in creation, watch for the breakout

Technical analysis:

BTC update for August 25,.2022 - Flag pattern in creation, watch for the breakout

BTC/USD has been trading sideways at the price of $21.725 and I still wait for the breakout on momentum to confirm further direction.

Trading recommendation:

Due to the sideways regime at the price of $21.700, I see potential for the breakout mode.

Watch for the selling opportunities in case of the downside breakout of the flag.

Downside objectives are se tat $20.800 and $19.135.

Stochastic oscillator is showing bear divergences and fresh bear cross.

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...