Bitcoin within bullish track – Technical Analysis – 05/05/2016
Target: 500.00
Risk: 436.30
Bitcoin price showed some bearish correction after rising from 382.00 to 469.89, and the price found good support at 38.2% Fibonacci of this rise, to begin the attempts of resuming the bullish trend, and we need to breach 449.15 level to confirm the continuation of the bullish trend in the coming period.
The next station is located at 469.89, and the price needs to get rid of the negative pressure formed by the exponential moving averages 50 and 100 besides stochastic to be able to achieve more positive targets, which extend to 500.00, while achieving them required holding above 436.30.
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Risk: 436.30
Bitcoin price showed some bearish correction after rising from 382.00 to 469.89, and the price found good support at 38.2% Fibonacci of this rise, to begin the attempts of resuming the bullish trend, and we need to breach 449.15 level to confirm the continuation of the bullish trend in the coming period.
The next station is located at 469.89, and the price needs to get rid of the negative pressure formed by the exponential moving averages 50 and 100 besides stochastic to be able to achieve more positive targets, which extend to 500.00, while achieving them required holding above 436.30.
www.fxhighway.com
www.facebook.com/fxhighwaycom/
twitter.com/
FXHighway mobile App:
Android: play.google.com...re/apps/details?id=com.fxh...
IOS: itunes.apple.co...wa/viewSoftware?id=1071234...
