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- Major resistance -$470 (Apr 26th 2016)
- Major support - $435
- BTC/USD is consolidating in narrow range between $470 and $435 for the past 15 trading session. It is currently trading around $449.
- Overall trend is neutral as long as $470 and $435 holds. The pair should break either levels for further direction.
- The pair’s major support - $435 (55 day EMA) and any slight weakness can be seen only below $435.
- Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $448.
- On the higher side resistance is at $470 and any indicative break above targets $504/$550.
It is good to stay away till further confirmation .
