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BTC has been trading downside and I found rejection of the key resistance at the price of $17.100, which is sign that there is potential for the downside rotation.
Due to the rejection of the resistance at $17.100, I see potential for the downside rotation towards lower references.
Watch for the potential intraday selling opportunities with the downside objective at $16.200.
Stochastic oscillator is showing fresh downside cross, which is strong sign that sellers are in control.
Key resistance is set at the price of $17.100
Relevance up to 09:00 2022-11-17 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
