BTC/USD has recovered after making a low of $243. Overall trend is still weak if BTC/USD not able to close above $265 (200 day 4 Hour EMA).
The pair’s minor resistance is around $265 and any break above could pave way for next target $272/$280.
It is facing short term support around $238 and any break below will drag the pair further down till $220/$210.
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) - Sell
Ichimoku- Neutral
Recommendation: Sell BTC/USD around $257, SL $266, Targets $238/$220.
The pair’s minor resistance is around $265 and any break above could pave way for next target $272/$280.
It is facing short term support around $238 and any break below will drag the pair further down till $220/$210.
Indicators (4 Hour chart)
CCI (50) – Sell
CCI (14) - Sell
Ichimoku- Neutral
Recommendation: Sell BTC/USD around $257, SL $266, Targets $238/$220.