BTC 11.27.2019 – Potential end of the upward ABC correction, watch for downside

By | November 27, 2019
InstaForex

Relevance up to 06:00 2019-11-28 UTC–8

BTC has been trading upside in recent 24h but there is still chance for more downside. Important resistance pivots are set at $7.400 and $7.700. Watch for selling opportunities near resistance levels with the downward target at the price of $6.545.

analytics5dde8e5e07ddf.jpg

MACD oscillator did have strong momentum in the background and that is why I still expect further downside after potential ABC upward correction.

Support levels are set at the price of $6.870 and $6.545.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2019

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade

InstaForex

Leave a Reply