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20.11.202015:03 Forex Analysis & Reviews: BTC analysis for November 20.2020 - Upside target reached but potential for the downside rotation towards $17.500

Company does not offer investment advice and the analysis performed does not guarantee results.
The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Further Development

Exchange Rates 20.11.2020 analysis

Analyzing the current trading chart of BTC, I found that the BTC reached my upside breakout target at $18,400. Anyway, I see in last few hours that BTC is trading sideways and I woudl watch for potential breakout to confirm further downside movement.

Key Levels:

Resistance: $18,400

Support level: $17,750 and $17,38

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2020

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