BTC/USD is struggling to break above 200 day 4HMA ($246) and any trend reversal can happen only above that level.
On upside major resistance is around $246 (200 day HMA) and any break above could pave way for next target $253/$267.The pair’s minor support is around $234 and break below will target $225/$220.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
CCI (14) - Neutral
Recommendation: Sell BTC/USD around $245 SL $253, Targets $234/$225
On upside major resistance is around $246 (200 day HMA) and any break above could pave way for next target $253/$267.The pair’s minor support is around $234 and break below will target $225/$220.
Indicators (1 Hour chart)
CCI (50) - Sell
CCI (14) - Sell
CCI (14) - Neutral
Recommendation: Sell BTC/USD around $245 SL $253, Targets $234/$225