BTCUSD approaching resistance, potential drop!
BTCUSD is approaching our first resistance at 3474.1 (horizontal pullback resistance, 38.2%, Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 3380.5 (61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching our resistance where we might see a drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching our resistance where we might see a drop 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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