Technical
analysis:
BTC/USD
has been trading upside as I expected and
there is potential for the further growth towards upside references.
Trading
recommendation:
Due
to the breakout of the channel in the background, I see potential for
further growth.
Watch
for the potential buying opportunities on the intraday dips with the
upside objectives
at the price of $21.050
and $21.420.
MACD
oscillator is showing decreasing
in the momentum to the downside and potential for the upside
rotation.
Key
support is set at the price of $20.460
The material has been provided by InstaForex Company – www.instaforex.com
