empty
 
 
07.06.2022 05:43 PM
BTC update for June 07,.2022 - Watchf or the downside movement

Technical analysis:

This image is no longer relevant

BTC has been trading downside today and I found the brekaout of the rising trend line, which is good sign for further downside movement.

Trading recommendation:

Due to the downside fresh move today, I see potential for the downside continuation.

Watch for potential selling opportunities in case of the breakout of the pivot support at 29.300.

MACD is showing neutral reading, which is sign of indecision.

Key short-term resistance is set at $32.400

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback