Aurum Markets Blog Technical Analysis BTCUSD breakout through resistance

BTCUSD breakout through resistance

BTCUSD breakout through resistance post thumbnail image

BTCUSD has broken through a resistance line. It has touched this line at least twice in the last 12 days. This breakout may indicate a potential move to 107713.2473 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

Supported by Upward sloping Moving Average

Target: 107713.2473 Entry: 103971.65 Stop: 98461.26

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post