FX.co - BTC update for November 18,.2022 - Potentila for the breakout of the range

2022-11-18T08:29:21

Relevance until2022-11-19

Technical analysis:

BTC update for November 18,.2022 - Potentila for the breakout of the range

BTC has been trading sideways at the price of $16.700. I see potential for the range breakout play.

Trading recommendation:

In case of the upside breakout of the resistance at $17.100, watch for buying opportunities with teh upside objective at $18.060

In case of the downside breakout of the support at $16.345, watch for selling opportunities with the downside objective at $15.800

*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 update for November 18,.2022 - Potentila for the breakout of the range