BTC analysis for August 19,.2020 – Completion of the ABC downside correction and potential for the upside continuation

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BTC analysis for August 19,.2020 - Completion of the ABC downside correction and potential for the upside continuation

BTC analysis for August 19,.2020 – Completion of the ABC downside correction and potential for the upside continuation

Further Development

BTC analysis for August 19,.2020 - Completion of the ABC downside correction and potential for the upside continuation

Analyzing the current trading chart of BTC, I found that there is potential completion of the downside correction ABC and continuation of the uptrend.

Key Levels:

Key pivot support level is set: $11,600

Resistance levels: $12,085 and $12,180

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

Source : https://www.mt5.com/forex_analysis/quickview/184609/