FX.co ★ BTC update for October 28,.2022 - Tight triangle in creation, watch for the breakout

Technical analysis:

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