FX.co ★ BTC 11.22.2019 - Daily Ichimoku price action analysis

BTC has been trading downwards, exactly what I expected yesterday. The price broke main swing low at $7.285 with the strong momentum. Our first major target has been reached at $7.285. New downward targets are set at the price of $6.550 and $5.912.

Ichimoku analysis:

The price is trading below the Ichimoku cloud and Kijun-Tenkak sen lines, which is sign of the strong downward trend. Next important support levels I have found at the price of $6.550 and $5.913.

Resistance level now became previous support at $7.285.

Additionally, the major breakout of the symmetrical triangle in the background is still active and projection from that pattern is that BTC can reach the level of $4.000.