Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: BTC/USD trades in narrow range, good to sell on rallies

  • BTC/USD is trading flat between $350 and $330 for the past two trading session. It is currently trading around $334. Short term trend is still bearish as long as resistance $370 holds.

  • On the downside minor support is around $325 and break below targets $300/$270.

  • The pair's minor resistance is around $356 and any break above 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.