27.11.201916:56 Forex Analysis & Reviews: BTC 11.27.2019 - Potential end of the upward ABC correction, watch for downside

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BTC has been trading upside in recent 24h but there is still chance for more downside. Important resistance pivots are set at $7.400 and $7.700. Watch for selling opportunities near resistance levels with the downward target at the price of $6.545.

MACD oscillator did have strong momentum in the background and that is why I still expect further downside after potential ABC upward correction.

Support levels are set at the price of $6.870 and $6.545.

Petar Jacimovic
Analytical expert of InstaForex
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