According to the H1 time frame, I found that BTC broke out of the downward channel in the background, which is a sign that buyers took control from sellers. I also found the rejection of the support trend line, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of $3,510 and $3,667.
Support/Resistance
$3.510 – Intraday resistance
$3.255 Intraday support
$3.510 – Objective target 1
$3.667 – Objective target 2
With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.
The material has been provided by InstaForex Company – www.instaforex.com
Trading recommendations:
According to the H1 time frame, I found that BTC broke out of the downward channel in the background, which is a sign that buyers took control from sellers. I also found the rejection of the support trend line, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of $3,510 and $3,667.
Support/Resistance
$3.510 – Intraday resistance
$3.255 Intraday support
$3.510 – Objective target 1
$3.667 – Objective target 2
With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.
The material has been provided by InstaForex Company – www.instaforex.com
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