BTC update for August 25,.2022 - Flag pattern in creation, watch for the breakout

Technical analysis:

BTC/USD has been trading sideways at the price of $21.725 and I still wait for the breakout on momentum to confirm further direction.

Trading recommendation:

Due to the sideways regime at the price of $21.700, I see potential for the breakout mode.

Watch for the selling opportunities in case of the downside breakout of the flag.

Downside objectives are se tat $20.800 and $19.135.

Stochastic oscillator is showing bear divergences and fresh bear cross.