According to the H4 time – frame, I found that price broke the inverted head and shoulders pattern in the background, which is a sign that buyers are in control. Most recently I found the small sideways base and my advice is to watch a breakout of resistance to confirm further upward continuation. The projected target is set at the price of $7.444.00.
Support/Resistance
$7.088 – Intraday resistance
$6.953– Intraday support
$7.444 – 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 H4 time – frame, I found that price broke the inverted head and shoulders pattern in the background, which is a sign that buyers are in control. Most recently I found the small sideways base and my advice is to watch a breakout of resistance to confirm further upward continuation. The projected target is set at the price of $7.444.00.
Support/Resistance
$7.088 – Intraday resistance
$6.953– Intraday support
$7.444 – 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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