Author

Topic: BTC/USD Daily Chart Technical Analysis (Read 134 times)

newbie
Activity: 37
Merit: 0
March 06, 2018, 10:18:53 AM
#1
Our preference: The bias is neutral to negative

Alternative scenario: look to sell on a close below support near 10,787

Support

The 10-day moving average at 10,787

Resistance

Near a downward sloping trend line at 13,352

Comment: Prices failed on a breakout above trend line resistance and the February highs at 11,775.  The fast stochastic generated a crossover sell signal in overbought territory which has led to accelerating negative momentum and a likely test of support. 

Target: 10,787

https://www.interactivecrypto.com/daily-technical-analysis-btc-ethereum-ripple-3-6-2018?source=organic
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