FX.co ★ BTC analysis for May 26,.2021 - Potential completion of the ABC upside correction

Technical analysis:

BTC has been trading upwards and the price tested the level fo $40.000. Anyway, I see potential for the downside rotation and completion of the ABC upside correction.

Trading recommendation:

Watch for potential selling opporutnities with the downside target at the price of $37.000. Target is based on the previous price action and predicted trend-line...

Stocahstic oscillator is showing overbought condition and fresh bear cross, which is sign for the downside movement and potential drop.