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BTCUSD 19-10-2023 .

Technical Analysis
By Shady Fouad
1 42

BTCUSD 19-10-2023 .

The prices have successfully breached the important resistance level of 28,200 in the beginning of this week  trading session, reaching the target at 30,000. However, prices faced intense selling pressure leading a retracement  to the range of 28,200. It is likely that we may witness a relatively low price volatility, providing an opportunity for trading between the support and resistance levels within the range of   28,200 and 30,000.

Support

 28200 25800 –
Resistance 30000 31800

–
Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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