BTCUSD has been moving sideways after it found strong support at the 3116.15 barrier on December 14. The price holds within the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while the RSI indicator stands around the neutral level and is pointing slightly up. Moreover, the MACD oscillator is losing momentum near the zero line. Resistance could occur around the 23.6% Fibonacci retracement level of the downleg from 6508 to 3116.15 of 3912.40. Slightly above this area, the [..]
6 Asset Classes - 16 Trading Platforms - Over 1000 Instruments.