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07.05.202116:08 Forex Analysis & Reviews: 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...

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Petar Jacimovic,
Especialista em análise
do Grupo InstaForex © 2007-2021
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