Forex Analysis & Reviews: BTC analysis for November 25,.2020 – First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution

 

Forex Analysis & Reviews: BTC analysis for November 25,.2020 – First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution

Read more: https://www.instaforex.com/forex_analysis/196712?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+instaforex%2FCpmt+%28Forex+analysis+review%29

Forex Analysis & Reviews: BTC analysis for November 25,.2020 – First downside target reached at $18.650 but potential for another re-test of that level due to upside exhaution .

Read more: https://www.instaforex.com/forex_analysis/196712?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+instaforex%2FCpmt+%28Forex+analysis+review%29


Relevance up to 19:00 2020-11-26 UTC+7

Further Development

Exchange Rates 25.11.2020 analysis

Analyzing the current trading chart of Bitcoin, I found that BTC tested and rejected our first target from yesterday at $18,630.

I still see potential for the downside movement due to test and reject of resistance at $19,390.

Watch for selling opportunities on the rallies using the intraday chart…

The downside target at the price of $18,650

Stochastic oscillator is in overbought zone, which is another sign of weakness.

Key Levels:

Resistance: $19,390

Support level: $18,650

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Petar Jacimovic,
Chuyên gia phân tích
Tập đoàn InstaForex © 2007-2020

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