FxWirePro:BTC/USD recovers after making a low of $403, good to sell on rallies
Wednesday, March 23, 2016 8:50 AM UTC
- Major resistance - $436 (trend line joining $502.48 and $465)
- BTC/USD has recovered after making a low of $403. It is currently trading around $415.
- Short term trend is slightly weak as long as resistance $436 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 $400
- BTC/USD major resistance is around $436 and break above targets $450/$465.
It is good to sell on rallies around $415 with SL around $436 for the TP of $352
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