9.6.2019 - XBTUSD 45m Outlook
Good afternoon! Hope all is well!
Bulls defended the 10500 support to rally towards 11k resistance but lost momentum and fell approximately 6%.
It is trading above 10400 support where the VMA lies below.
If VMA holds as support, we can test 10500, possibly 10800 and 11k.
On the downside, the price may correct further towards the bottom of the range around 9650.
Bulls defended the 10500 support to rally towards 11k resistance but lost momentum and fell approximately 6%.
It is trading above 10400 support where the VMA lies below.
If VMA holds as support, we can test 10500, possibly 10800 and 11k.
On the downside, the price may correct further towards the bottom of the range around 9650.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.