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Table of contents

  1. Technical analysis:
    1. Trading recommendation:

      Technical analysis:

      bitcoin is showing fresh upside momentum grafika numer 1

      BTC/USD has been trading downside this morning and I found that support zone at the price of $23.300 is on the test.

      Trading recommendation:

      Due to the strong upside long term trend in the background and test of the support, I see potential for the upside rotation today.

      Watch for the potential buying opportunities with the upside objective at $23.890.

      Slow Stochastic oscillator is showing fresh upside momentum , which is strong sign that buyers are in control.

      Key support is set at the price of $23.250

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      Peter Jacimovic

      Peter Jacimovic

      Analytical expert of InstaForex © 2007-2022

      Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


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