Analysis Cryptos Support & Resistance

BTC update for October 28,.2022 – Tight triangle in creation, watch for the breakout

Technical
analysis:

analytics635b79b08e8e4.jpg

BTC/USD
has been sideways
this morning and I see tight triangle pattern in creation.
Watch
for potential breakout to confirm further direction…

Trading
recommendation:

In
case of the breakout of the resistance at the price of $20.320, watch
for buying opportunities on the intraday pullbacks with the upside
objectives at $20.665 and $21.000

In
case of the downside breakout of the support at $20.170, watch for
selling opportunities on the rallies with the downside objectives at
the price of $19.977 and $19.655

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


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