Bitcoin BTC/USD are traded at 8330 and continue to move in the fall. At this point, we should expect a test of resistance level near the area of 8500. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below the level of 7500.
Bitcoin (BTC/USD) technical analysis May 18, 2018
In favor of falling quotations BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the Bitcoin fall will be a strong growth and breakdown of the area 9050, which will indicate the breakdown of the resistance area and the continued growth of the Bitcoin exchange rate. A confirmation of the development of the fall of the crypto currency will be the breakdown of the support area and the closure below the level of 8000.
Bitcoin (BTC/USD) technical analysis May 18, 2018 suggests an attempt resistance level test near the region 8500 and continue falling from a potential target at 7500, an additional signal in favor of falling Bitcoin perform test downward trend line on the display relative strength cancellation quotations fall embodiment cryptocurrency will become a strong growth and breakdown of the area 9050.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
