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30.11.202210:10 Forex Analysis & Reviews: BTC update for November 30,.2022 - Potential for bigger rally

Technical analysis:

Exchange Rates 30.11.2022 analysis

BTC/USD has been trading upside as like I expected. I found breakout of the supply trend line, which is good sign for the further rise.

Trading recommendation:

Due to the breakout of the supply trend line, I see ptential for the bigger rally towards upper references.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $21.350

Stochastic oscillator is showing fresh bull cross, which is good sign for the further rally.

Key support is set at the price of $16.000

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaSpot
© 2007-2024
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