Analysis Cryptos Support & Resistance

BTC update for October 27,.2022 – First upside objective has been reached, potential for further upside movement

Technical
analysis:

analytics635a22b271d88.jpg

BTC/USD
has been trading upside as I expected and the price has reached the
first upside objective at the price of $20.450.
Anyway, I see potential for further upside movement due to the strong
upside momentum.

Trading
recommendation:

Due
to the strong upside pressure in the background and breakout of the
key multi-day
resistance
at the price of $20.473,
I see potential for further big growth.

Watch
for the potential buying opportunities on the intraday dips with the
upside objective at the price of $22.450

MACD
oscillator is showing fresh upside momentum, which is strong sign
that buyers are in control.

Key
support is set at the price of $20.470

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


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