BTC analysis for November 06,.2020 – Median Pitchfork line on the test and potential for the downside rotation

Trading 06 Nov 2020 Donner votre avis

Further Development

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Analyzing the current trading chart of BTC, I found that the buyers got exhausted today and the upside target from yesterday at the price of $15,500 has been reached.

Anyway, the price is at the median Pitchfork line and there is potential for the downside rotation towards the level at $13,795

Stochastic is showing overbought condition.

Watch for selling opportunities with the target at $13,795Watch for selling opportunities with the downside targets at $1,936 and $1,917

Resistance is set at $15,500 and $16,500

Key Levels:

Resistance: $15,500 and $16,500

Support levels: $13,795

The material has been provided by InstaForex Company - www.instaforex.com

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