Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: BTC/USD trades well above $400, good to buy at dips

  • BTC/USD has broken major resistance $400 and jumped till $422.28. Short term trend is still bullish long as major support $380 holds.
     
  • On the higher side major resistance is around $424 (61.8% retracement of $502 and $294) and break above targets $450/$480 in short term.
     
  • The pair's minor support is around $398 and break below targets $389/$380.

It is good to buy at dips around $410 with SL around $389 for the TP  of $449/$479 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.