BTC Technical analysis 17-May 2020
Price forming a Symmetrical Triangle and currently sitting on the 50 MA Dynamic Support + 9.300$ Horizontal Support. Breakout of this Support Node will be a strong bearish sign and in this case we can retest the 8.935$ Support, then 8.400$ Support Zone.
However while we hold this support the local trend remains bullish. Plus as we have the Symmetrical Triangle we can visit the Higher Boundary of this formation. And if this pattern is broken to upside then 10.000$ Resistance will be retested at least.
GoodLuck
However while we hold this support the local trend remains bullish. Plus as we have the Symmetrical Triangle we can visit the Higher Boundary of this formation. And if this pattern is broken to upside then 10.000$ Resistance will be retested at least.
GoodLuck
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