empty
 
 

07.05.202116:08 Ανάλυση και κριτικές Forex: BTC analysis for May 07,.2021 - WEll defined trading range and potential for the downside rotation towards $53.125

Technical analysis:

Exchange Rates 07.05.2021 analysis

BTC has been trading sideways at the price of $57.000 but I see potential for the further downside rotation.

Trading recommendation:

I found the wll defined trading range between the price of $59.000 and $53.120

Watch for potential selling opportunities with the downside target at $53.125

Additionally, there is the bearish corss on the Stochastic oscillator, which is another sign for the downside movement...

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

Petar Jacimovic,
Αναλυτικός εμπειρογνώμονας της InstaForex
© 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.

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