BTCUSD testing resistance, potential for reversal!
Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur to our major support (horizontal pullback support, 50% Fibonacci retracement). Stochastic is also approaching resistance and we are seeing a bearish divergence.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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