BTC analysis for July 08,.2021 - Breakout of the symmetrical triangle and potential for drop towards $30.000

Technical Analysis:

Name:  b-p-080721.jpg
Views: 16
Size:  174.7 KB

BTC has downside and there is the breakout of the symmetrical triangle and downside continuation.


Trading recommendation:
Watch for selling opportunities on the rallies with the downside targets at $30.000 and $29.000.

Stochastic is showing oversold condition but with no bull cross....

Resistance is set at $33.400




Name:  44.png
Views: 12
Size:  13.7 KB
Petar Jacimovic
Analytical expert
InstaForex Group © 2007-2021