BTC/USD faces resistance around $400, break above targets $450
Major resistance- $400 (trend line joining $356 and $383)
The pair has made a high of $399.85 and slightly declined from that level. Intraday trend is bullish as long as support $378 holds.
Any break below $378 will drag the pair till $367/$360. Short term trend reversal only below $365.
On the higher side any break above $400 will take the pair to next level $420/$450.
Overall weakness only below $340.
It is good to buy above $400 with SL around $377 for the TP of $420/$450.
The pair has made a high of $399.85 and slightly declined from that level. Intraday trend is bullish as long as support $378 holds.
Any break below $378 will drag the pair till $367/$360. Short term trend reversal only below $365.
On the higher side any break above $400 will take the pair to next level $420/$450.
Overall weakness only below $340.
It is good to buy above $400 with SL around $377 for the TP of $420/$450.
