Technical crypto analysis based on breakout – Sell BTC at $6,969.17


Technical Observation:

On Friday last week, BTC pick up some momentum to the upper side but is still below the daily line $6,969.17. This is a key line and unless it is breached by a s big green candle, I’m patiently wait for a possible bounce from this line to short BTC with my take profit at $4521.00. On its way to the lower side, the key lines to check for include $5,417, $5,000.00 and $4521. A breach below these lines could push the price further lower.

Technical Levels
Resistance levels
R1: 6613.98
R2: 7153.79
R3: 8011.72
Support Levels
S1: 4579.98
S2: 5437.93
S3: 5756.05
Trade Signal
Sell BTC at $6,969.17

101% Double the volume

All bonus participates in drawdown!

FreshForex cancels commissions!

You may check other analytical reviews on FreshForex website. Source: