According to the H1 time – frame, BTC has been trading sideways at the price of $3.900. Anyway, I found that BTC is still in the short – term downward trend. The price is trading below the Ichimoku and below the supply trendline in the background, which is another sign of the short-term downward trend. Watch for selling opportunities. The downward targets are set at the price of $3.700 and at the price of $3.453.
Support/Resistance
$4.000 – Intraday resistance
$3.820– Intraday support
$3.700 – Objective target 1
$3.453 – 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, BTC has been trading sideways at the price of $3.900. Anyway, I found that BTC is still in the short – term downward trend. The price is trading below the Ichimoku and below the supply trendline in the background, which is another sign of the short-term downward trend. Watch for selling opportunities. The downward targets are set at the price of $3.700 and at the price of $3.453.
Support/Resistance
$4.000 – Intraday resistance
$3.820– Intraday support
$3.700 – Objective target 1
$3.453 – 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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