Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: BTC/USD faces strong resistance around $350, good to sell on rallies

BTC/USD has recovered till $344 after making a low of $2394. It is currently trading around $337. Short term trend is still bearish as long as resistance $370 holds.

  • On the downside major support is around $300 and break below targets $270/$256.
     
  • Any break above major resistance $350 will take the pair to new level $370/$400.
     
  • Overall bullish invalidation only above $400 level.

It is good to sell on rallies around $350 with SL around $370 for the TP of $270/$256

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.