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Technical analysis:
BTC has been trading upside as I expected. I found breakout of the downside channel in the background, which is good sign for further growth.
Trading recommendation:
Due to the breakout of the downside channel in the background, I see potential for further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $18.143.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $16.170
Relevance up to 09:00 2022-11-16 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.