Analysis Cryptos Support & Resistance

BTC update for November 04,.2022 – Breakout of the trading range and potential for bigger growth

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Technical
analysis:

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BTC/USD
has been trading upside and
I found the breakout of the triangle pattern in the background, whic
his good sign for further growth.

Trading
recommendation:

Watch
for the buying opportunities on the intraday dips with the upside
objectives at the price of $21.100 and $22.500.

Stochastic
oscillator is showing upside
reading, which is good sign for further upside
movement.

Key
support
is set at hte price of $20.000

The material has been provided by InstaForex Company – www.instaforex.com