ETHMXN Gets to Target Price $5,530
June 24, 2020
USDMXN Almost Reached Its Resistance at 23.01
June 25, 2020
BTCMXN CHART PRICE – BTCMXN DAILY
Bitcoin is close to reaching its support level at $205,466.36 the price came short to this level yesterday and today it recovered some ground, however we see that the Relative Strength Index is dropping which means that more traders are selling their positions on this asset. RSi was at 56% and now we find it at 49%, Bollinger bands are getting closer together, so we should not expect big moves in the following hours, Moving Averages are about to cross, which we could see as an indicator that the price could potentially climb back up, since yesterday it was so close to the support, we need to wait a few hours to see if the price gets further from the support level, in which case we would place a Buy position, on the other hand if the price drops we could anticipate that it will reach the support level and then break it or reverse it.
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.
