Daily Technical Report 19-8-2024

Technical Analysis

By Shady Fouad On Aug 19, 2024

BTCUSD

Bitcoin is trading below the $59,500 resistance area, making it likely to target the $57,000 support area. However, this scenario would be invalidated if the $59,500 level is breached again to the upside.

Support	57000	53800	–
Resistance	59500	61555	63800

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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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