Technicals / Digital Currency

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FxWirePro: BTC/USD faces strong support around $400, good to buy at dips

Major intraday resistance - $468 The pair has made a high of $467.80 and declined till $403. It is currently trading around $437. The pair is still bullish as long as support $400 holds Any break above major resistance c…

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FxWirePro: BTC/USD faces strong support around $400, good to buy at dips
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  • Major intraday resistance - $468
     
  • The pair has made a high of $467.80 and declined till $403. It is currently trading around $437.
     
  • The pair is still bullish as long as support $400 holds
     
  • Any break above major resistance confirms minor trend reversal a jump till $480/$502 is possible . Intraday trend reversal can be seen only below $400.
     
  • On the lower side below $400 will drag the pair to next level$389/$380. Short term trend reversal only below $380.

It is good to buy at dips around $410-415 with SL around $400 for the TP of $449/$467.80

 

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