According to the 15M time frame, I found that sellers are in control. I also found a potential bearish flag in creation, which is a sign of weakness. My advice is to watch for a potential breakout of the upward trendline to confirm further downward continuation. The downward target is set at the price of $6.051.
Support/Resistance
$6.521 – Intraday resistance
$6.348– Intraday support
$6.051 – 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 15M time frame, I found that sellers are in control. I also found a potential bearish flag in creation, which is a sign of weakness. My advice is to watch for a potential breakout of the upward trendline to confirm further downward continuation. The downward target is set at the price of $6.051.
Support/Resistance
$6.521 – Intraday resistance
$6.348– Intraday support
$6.051 – 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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