- Major resistance -$351 (17 Nov 2105 high)
- As per our analysis BTC/USD has broken major resistance $336 and jumped till $350.36 at the time of writing.
- The pair’s next major resistance is around $351 and break above confirms minor trend reversal , a jump till $374/$400 is possible .
- On the downside minor support is around $343 and break below targets $335 (200 day 4 HMA)/$328.
- Minor trend reversal only below $335.
It is good to buy around $348-$350 with SL around $335 for the TP of $374/$398
The material has been provided by InstaForex Company – www.instaforex.com