FX.co - BTC update for August 30,.2022 - Fresh bear cross on the oscillator

2022-08-30T11:16:56

Relevance until2022-08-31

Technical analysis:

BTC update for August 30,.2022 - Fresh bear cross on the oscillator

BTC/USD been trading upside but I see potential for the downside rotation due to overbought condition.

Trading recommendation:

Due to the overbought condition and fresh bear cross on the Stochastic oscillator, I see further downside movement.

Watch for potential selling opportunities on the intraday rallies with the downside objectives at $19.000

Key resistance is set at the price of $20.780

*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 update for August 30,.2022 - Fresh bear cross on the oscillator