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BTCUSD on a Support/Resistance level?
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BTCUSD on a Support/Resistance level?
By AlbionTrader
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28 dec. 2017
2
Heja
Heja
22 dec. 2017
BTCUSD
had a good drop in the last 3 days.
It now reached an area that can form a horizontal support; this would be the third touch so in case it holds we are going to see further move upwards.
As a soft resistance, we can also look at the diagonal trendline in figure - even if on the 10 December there was not a real touch.
Given the high volatility of the currency, augmented by several news in this week (and more to come by the end of the year), caution is advised.
/********/
Original from my blog
28 dec. 2017
Kommentera
Treandline still holding and now functioning as resistance
albiontrader
Bitcoin (Cryptocurrency)
BTC
BTCUSD
Cryptocurrency
Support and Resistance
Trend Analysis
Trend Lines
AlbionTrader
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