Bitcoin price breaches the resistance – Analysis - 18-12-2018

Economies.com
2018-12-18 05:04AM UTC

Bitcoin price achieved a breach to the falling wedge’s resistance that appears in the image, opening the way towards a bullish correction on the intraday basis, targeting 3920.00 level as a next main station.

 

Therefore, the bullish trend will be preferred in the upcoming sessions, supported by moving above the EMA50, unless breaking 3355.00 level and holding with a daily close below it.

 

Expected trading range for today is between 3300.00 support and 3900.00 resistance

Expected trend for today: Bullish

 

 

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