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FX.co ★ BTC analysis for December 08,.2020 - Downside breakoutt of symmetrical triangle pattern and potential for test of $17.400

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Forex Analysis

2020-12-08T12:41:12
iconRelevance until2020-12-08

BTC analysis for December 08,.2020 - Downside breakoutt of symmetrical triangle pattern and potential for test of $17.400

Further Development

BTC analysis for December 08,.2020 - Downside breakoutt of symmetrical triangle pattern and potential for test of $17.400

Analyzing the current trading chart of BTC, I found that there is the downside breakout of the symmetrical triangle pattern, which is good sign ofr further downside movement.

Watch for selling opportunities on the rallies with the downside target projected at the price of $17,400

Key Levels:

Resistance:$19,400

Support level: $17,400

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