FX.co - BTC analysis for January 10,.2022 - Symmetrical triangle and potential downside continuation

2022-01-10T12:35:42

Relevance until2022-01-11

Technical analysis:

BTC analysis for January 10,.2022 - Symmetrical triangle and potential downside continuation

BTC has been trading sideways at the price of $41,400 but there is potential for the downside continuation.

Trading recommendation:

Due to strong downside momentum in the background, there is chance for the downside continuation.

Watch for selling opportunities on the breakout of the symmetrical triangle pattern.

Downside objectives are set at $39,500 and $37,500

Key resistance is set at $43,800

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for January 10,.2022 - Symmetrical triangle and potential downside continuation