Market Analysis of XAGUSD on Wednesday 5 October 2023

2023-10-04 12:29Source:BtcDana

ETCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

 ETCUSDT has strong resistance16.07 to 16.37  levels as red box marked in graph .It is running in down trend and overall sop loss for whole trend is 18.40 and it can sharply fell below 12.60 level positionally . Inner calculations showing abc pattern completed and its break downside reversal point also .Now for very short term it can fall below 14.80 level and short term stop loss is 16.90.

 QUICK FUNDAMENTAL LOOK                                                                     

Bitcoin is managing to maintain its recent lower value but is finding it tough to exceed a specific price due to the increasing presence of potential sellers on the market.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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