BTCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAME
Publish Date : 2019/09/04 - 07:48

BTCUSD TECHNICAL ANALYSIS ON H4 TIMEFRAME


We can see that BTC is stucked in a symmetrical triangle.the prices rose from 10000$ key support which is also the main support.the price upside may continue to 11300$,but technical indicators are signaling that the upside trend is limited.

Stochastic indicator is already signaling overbought which could be implied as the exhaustion of the buyers,while the 200 SMA is acting as a resistence.

Source:babypips


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