BTCUSD on a Support/Resistance level?
Aggiornato
BTCUSD had a good drop in the last 3 days.It now reached an area that can form a horizontal support; this would be the third touch so in case it holds we are going to see further move upwards.
As a soft resistance, we can also look at the diagonal trendline in figure - even if on the 10 December there was not a real touch.
Given the high volatility of the currency, augmented by several news in this week (and more to come by the end of the year), caution is advised.
/********/
Original from my blog
Nota
Treandline still holding and now functioning as resistance
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.