FX.co ★ BTC 11.29.2019 - Major Fibonacci confluence resistance at the price of $7.800 on the test, watch for selling opportuntiies

BTC has been trading upwards. The price tested the level of $7.775. Anyway, I see that there is potential end of the upward correction and strong resistance confluence at $7.800-$7.900. Watch for selling opportunities if you see any topping pattern around critical resistance $7.800.

Stochastic oscillator is showing overbought condition and potential for pullback.

Resistance levels are set at the price of $7.800 ad $7.900

Support levels are set at the price of $7.730 and $6.550.

Watch for selling opportunities near the resistance with the potential target at $6.550.