Analysis Cryptos Support & Resistance

BTC update for October 25,.2022 – Watch for the breakout of the triangle pattern

Technical
analysis:

analytics635794119c374.jpg

BTC/USD
has been trading sideways
at the price of $19.300. Triangle pattern is in the creation and I
see potential for the breakout.

Trading
recommendation:

Due
to the triangle
pattern in creation I see potential for the breakout mode.

In
case of the breakout of the support at $19.660, watch for buying
opportunities with the upside objective at $20.450

In
case of the downside breakout of the support at $18.900, watch for
selling opportunities with the downside objective at $18.180

The material has been provided by InstaForex Company – www.instaforex.com


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