According to the 15M time frame, I found that price found resistance at the pivot resistance 1 ($7,067), which is a sign that buying looks risky. I also found a low close doji pattern and bearish cross on the stochastic oscillator, which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $6,936 and at the price of $6,811.
Support/Resistance
$7,067 – Intraday resistance
$6,936– Intraday support
$6,936 – Objective target 1
$6,811 – 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 15M time frame, I found that price found resistance at the pivot resistance 1 ($7,067), which is a sign that buying looks risky. I also found a low close doji pattern and bearish cross on the stochastic oscillator, which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $6,936 and at the price of $6,811.
Support/Resistance
$7,067 – Intraday resistance
$6,936– Intraday support
$6,936 – Objective target 1
$6,811 – 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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