BTCUSD made a bullish exit from its descending resistance-turned-support line and has the potential to rise to its 1st resistance at 9465 (50% Fibonacci retracement, horizontal overlap resistance). If it surpasses this level, it could possibly rise to the 2nd resistance at 9847 (61.8% Fibonacci retracement, cup and handle exit potential). We have identified supports at 8542 (horizontal overlap support) and 7994 (horizontal overlap support).
RSI (89, 5, 3) shows a corresponding bullish breakout from its descending resistance-turned-support line.
RSI (89, 5, 3) shows a corresponding bullish breakout from its descending resistance-turned-support line.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.