BTCUSD on a Support/Resistance level?
Diupdate
BTCUSD had a good drop in the last 3 days.It now reached an area that can form a horizontal support; this would be the third touch so in case it holds we are going to see further move upwards.
As a soft resistance, we can also look at the diagonal trendline in figure - even if on the 10 December there was not a real touch.
Given the high volatility of the currency, augmented by several news in this week (and more to come by the end of the year), caution is advised.
/********/
Original from my blog
Catatan
Treandline still holding and now functioning as resistance
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.