FX.co - BTC analysis for August 30,.2021 - Breakout of the outside day low

2021-08-30T12:18:32

Relevance until2021-08-31

Technical analysis:

BTC analysis for August 30,.2021 - Breakout of the outside day low

BTC has been trading downside today and there is the breakout of the previous day low at 47,850, which is sign for the downside movement.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside target at $45,045

Stochastic is showing overbought condition intraday and potential for the downside rotation.

Key resistance is set at the price of $50,500

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for August 30,.2021 - Breakout of the outside day low