Economic CalendarQuotes & ChartsForex Trading SignalsPAMM Account RatingTrading Sessions
flag English arrow
logo
Home
Publications
Top Articles Forex Analytics Forex Analysis for Beginners Video Analytics Crypto News Forex NewsForex TVForex HumorNews in Pictures Trader Journals
See also
Forex Online
Quotes & Charts Forex AnalyticsForex NewsEconomic Calendar Technical Analysis Patterns Forex Trading Signals PAMM Account Rating Trading Session Schedule
See also
Crypto
QuotesNewsTrade Crypto IFXBIT Platform #Bitcoin#Ethereum#RippleBitcoin Cash
Monitoring
Forum
Trade Now

FX.co ★ BTC analysis for November 16,.2020 - Breakout of the upside channel and potential for downside rotation towards $15.800

header image

Forex Analysis

2020-11-16T12:25:32
iconRelevance until2020-11-17

BTC analysis for November 16,.2020 - Breakout of the upside channel and potential for downside rotation towards $15.800

Further Development

BTC analysis for November 16,.2020 - Breakout of the upside channel and potential for downside rotation towards $15.800

Analyzing the current trading chart of BTC, I found that there is the breakout of the rising trend channel in the background and potential for another downside cycle.

My advice is to watch for selling opportunities on the rallies with the downside targets at $15,800 and $14,860

Key Levels:

Resistance: $16,500

Support levels: $15,800 and $14,860

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Analytical expert
Go to the articles list Go to this author's articles Open trading account