BITCOIN January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 13:11
Point Trader Group
BITCOIN January, 27 2020

Overview:

The pair is trading below a strong resistance level represented in the declining trend line, which enhances the chances of falling during today's trading

Expected:

Continuing trading below the falling trend line level enhances the chances of falling during today's trading, reaching the pair to 7490

Alternative Scenario:

On the other hand, we see that if the aforementioned resistance levels are broken up, the pair could be pushed up to 9500

 

Resistance9176.009300.009500.00
Support7490.007400.007300.00

 


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