Mexican Peso Gets Stronger
June 1, 2020
Watch for USDMXN Potentially Oversold
June 2, 2020
BITCOIN CHART PRICE – BTCUSD DAILY
BTCUSD broke the resistance level that we establishes at $10,072.30 and then bounced to $9,270, this could be a result of traders that closed their positions to take the Profits at the $10,428 level which was the highest point yesterday, we still believe that there will be a breakout on the resistance level to become a new support, this could take a few days.
RSI is still at a very standard level, currently at 52%, lower than yesterday, since the price dropped it also allowed traders to go long on the pair, taking advantage of the volatility expected and created, Ichimoku cloud is still below current trading price, indicating that the market is bullish.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
