The legend in the InstaSpot team!
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Technical analysis:
BTC/USD has been trading sideways at the price of $19.200. I see triangle pattern in creation and potential for the breakout mode.
Trading recommendation:
Due to the sideways condition and triangle pattern in creation, I see potential for the breakout mode.
In case of the breakout of the resistance at the price of $20.170, watch for buying opportunities with the upside objective at the price of $22.400
In case of the downside breakout of the support at the price of $18.850, watch for selling opportunities with the downside objective at the price of $18.000
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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