BTCUSD skyrocketed last Friday, jumping above the Ichimoku cloud and the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Currently, the price is moving sideways, and the technical indicators have turned lower. The RSI indicator is moving down in the positive zone while the stochastic oscillator is approaching the oversold territory. Should the price extend higher, it could find resistance at the 3644 level, before touching the latest high of 3690. Also, an advance above this region would increase speculation that a [..]
7 Asset Classes - 16 Trading Platforms - Over 1000 Instruments.