empty
 
 
15.08.2022 10:57 AM
BTC update for August 15,.2022 - Rising wedge pattern in creation

Technical analysis:

This image is no longer relevant

BTC/USD is trading downside this morning and there is the bigger rising wedge in the background.

Trading recommendation:

Due to the strong downside momentum today and the potential for the bigger breakout of rising wedge pattern, I see downside movement.

Watch for potential selling opportunities on the intraday rallies with the downside objectives at $22.700 and $20.875.

Stochastic oscillator is showing bull cross but with no so much progress, which is sign of weak buying.

Key resistance is set at the price of$25.000

Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback