BTC/USD Faces Strong Support at $435, Break Below Targets $400
20 May 2016, 12:36
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BTC/USD Faces Strong Support at $435, Break Below Targets $400
- Major resistance -$470 (Apr 26th 2016)
- Major support - $435
- BTC/USD has once again slightly recovered after making a low of $435. It is currently trading around $442.
- The pair should break below $435 for further weakness.
- Any break below $435 will drag the pair down till $420 (55 day EMA)/$385 (200 day EMA).The minor support is around $448.
- On the higher side resistance is at $470 and any indicative break above targets $504/$550.
It is good to sell below $435 with SL around $451 for the TP of $409/$400
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