BTC 12.17.2019 - First downward target reached at the price of $6.850, second target set at $6.540

BTC has been trading downwards, exactly what I expected yesterday. The price reached my first downward target from yesterday at the level of $6.845. Momentum Is still strong on the downside and I do expect second target at the price of $6.540

Name: b-p-171219.jpg Views: 13 Size: 70.6 KB

Eventual breakout of the $6.820, would confirm test of $6.540

MACD oscillator is showing negative reading below the zero and the slow line is heading downside.

Stochastic oscillator is showing fresh new bear cross into the oversold area.

Resistance levels are seen at $7.032 and $7.134

Main support level is set at the price of 6.540



Name: s_jacimovic.png Views: 11 Size: 4.8 KB
Performed by Petar Jacimovic
Analytical expert
InstaForex Group © 2007-2019