BTC analysis for July 22,.2021 - Breakout of the symmetrical triangle to the downside

Technical analysis:

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BTC has been trading sideways in the past 24 hours but I see downside breakout of the symmetrical triangle, which is good signal for the downside movement.


Trading recommendation:
Watch for selling opportunities on the rallies with the downside target at the price of $31,000.

Stochastic is showing fresh bear cross, which is another sign of the weakness...

Key resistance is set at $32,800



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Petar Jacimovic
Analytical expert
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