- BTC/USD has broken major support $211 and declined till $192 from that level. Short term trend is bearish as long as resistance $220 holds.
- The minor resistance is around $220 and break above will take the pair to next target $235/$248.
- The pair’s minor support is around $192 and any break below will drag the pair further down till $180/$162.
Indicator (Daily chart)
CCI (50) -Sell
Ichimoku- Sell
We prefer to sell on rallies around $210 with stop around $220 for the target of $192/$165
The material has been provided by InstaForex Company – www.instaforex.com