BTCUSD approaching support, potential bounce!
BTCUSD is approaching our first support at 2988 (61.8% Fibonacci extension, horizontal overlap support) where a strong bounce might occur above this level pushing price to our major resistance at 3680 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance.
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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