BTCUSD approaching support, potential bounce!
BTCUSD is approaching our first support at 4024.7 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur to our major resistance at 4164.2 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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