Main Quotes Calendar Forum
flag

FX.co ★ BTC update for January 05,.2023 - Potential for the breakout of the triangle pattern

parent
Crypto Analysis:::2023-01-05T08:12:15

BTC update for January 05,.2023 - Potential for the breakout of the triangle pattern

Technical analysis:

BTC update for January 05,.2023 - Potential for the breakout of the triangle pattern

BTC/USD has been trading sideways at the price of $16.825 and I see potential for the upside continuation towards upside reference.

Trading recommendation:

Due to the rejection of the key support zone in the background and symmetrical triangle pattern in creation, I see potential for the further growth.

Watch for the buying opportunities on the intraday dips with the upside objective at the price of $16.980

Stochastic Oscillator is showing oversold condition, which is good sign for further rally

Key support zone is set at the price of $16.765

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...