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FX.co ★ BTC update for March 21,.2022 - Potential for the drop towards $40.200

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Forex Analysis

2022-03-21T13:00:49
iconRelevance until2022-03-22

BTC update for March 21,.2022 - Potential for the drop towards $40.200

Technical analysis:

BTC update for March 21,.2022 - Potential for the drop towards $40.200

Gold has been trading sideways at the price of $41.200 but I see potential for the downside movement due to breakout of the rising trend line in the background.

Trading recommendation:

Due to the breakout of the rising trend-line in the background, I see potential for the downside movement.

Watch for selling opportunities on the rallies with the downside objective at the price of $40.200.

Resistance is set at the price of $41.500

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