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    Thread: Cryptocurrency Analysis

    1. 05-18-2021, 01:48 AM #8 Collapse post
      IFX_Selena
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      BTC analysis for May 17,.2021 - Third target reached at $43.000 but potential for further downside towards $30.000

      Technical analysis:

      Name: b-p-170521.jpg Views: 31 Size: 171.8 KB

      BTC has been trading downwards as I expected. The price reached my third downside target at the price of $43.000.


      Trading recommendation:
      Anyway, my advice is still to watch for selling opportunities on the rallies with the downside target at $30.100.

      Stochastic oscillator is in the oversold zone but there is no fresh bull cross, which is still bearish tone.

      Resistance is set at $47.000




      Name: 44.png Views: 22 Size: 13.7 KB
      Petar Jacimovic
      Analytical expert
      InstaForex Group © 2007-2021

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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