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FX.co ★ BTC analysis for August 06,.2021 - Symmetrical triangle in creation

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Forex Analysis

6 August 2021 at 12:48PM (UTC+0)
iconRelevance until8 August 2021 at 12:48PM (UTC+0)

BTC analysis for August 06,.2021 - Symmetrical triangle in creation

Technical analysis:

BTC analysis for August 06,.2021 - Symmetrical triangle in creation

BTC has been trading sideways at the price fo $40,600 and watching for the breakout will be good strategy under current condition.

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Trading recommendation:

Watch for the breakout of the symmetrical triangle pattern in the background to confirm further direction.

In case of the upside breakout of the resistance at $41,350, watch for buying with target at $42,900

In case of the downside breakout of support at $39,900, watch for selling with target at $38,400.

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