According to the 30M time frame, I found that sellers are in control and the resistance at the price of $7.383 held successfully. I also found a breakout of the trading range in the background, which is another sign of the weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of $7.112.
Support/Resistance
$7.340 – Intraday resistance
$7.258– Intraday support
$7.112 – Objective target
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 30M time frame, I found that sellers are in control and the resistance at the price of $7.383 held successfully. I also found a breakout of the trading range in the background, which is another sign of the weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of $7.112.
Support/Resistance
$7.340 – Intraday resistance
$7.258– Intraday support
$7.112 – Objective target
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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