Bitcoin price retests – Analysis - 18-10-2019
Economies.com
2019-10-18 05:10AM UTC
Bitcoin price retests the broken support of the bearish flag pattern mentioned yesterday, met by the EMA50 to add more strength to this level that turns into resistance now, accompanied by stochastic move at the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 7736.50 followed by 7490.00 levels mainly, while achieving it requires holding below 8265.00.
The expected trading range for today is between 7490.00 support and 8400.00 resistance
The expected trend for today: Bearish
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