Facebook
 
 

26.10.202014:48 Forex Analysis & Reviews: BTC analysis for October 26,.2020 - Upside breakout of the symmetrical triangle pattern and potential for the rally towards $13.800

Further Development

Exchange Rates 26.10.2020 analysis

Analyzing the current trading chart of BTC, I found that there is breakout of the symmetrical triangle pattern to the upside, which is good indication for the further upside continuation.

My advice is to watch for buying opportunities on the dips with the target at $13,830, which is also the projected target of the symmetrical triangle pattern.

Key Levels:

Resistances: $13,830

Support level: $12,700

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
Can't speak right now?
Ask your question in the chat.