FxWirePro: BTC/USD faces strong resistance at $428, good to sell on rallies
Major resistance - $428 (trend line joining $502.48 and $465) BTC/USD has slightly recovered after making a low of $407.It is currently trading around $414.87. Short term trend is slightly weak as long as resistance $428…
Major resistance - $428 (trend line joining $502.48 and $465)
BTC/USD has slightly recovered after making a low of $407.It is currently trading around $414.87.
Short term trend is slightly weak as long as resistance $428 holds.
On the lower side major support is around $390 (trend line joining $294 and $365) and any break below $390 will drag the pair down till $370/$350 is possible. The minor support is around $409 ( trend line joining $403 and $406.50)
BTC/USD major resistance is around $428 and break above targets $450/$465.The minor resistance is around $425.
It is good to sell on rallies around $415-$420 with SL around $430 for the TP of $390/$370
