FX.co ★ BTC update for May 19,.2023 - ABC structure completion in the play

Technical analysis:

BTC/USD has been trading downside yesterday but I found potential completion of the ABC structure, which is good sign for the rally.

Due to the fake breakout of key support few days ago and the potential completion of the ABC downside structure, I see potential for the further growth.

Upside objectives are set at the price of $27.600 and $28.300

MACD oscillator is showing decreasing in the downside momentum, which is good sign for the rally.

Support level is set at the price of $26.400