According to the 30M time – frame, I found a shakeout in the background. I also found that sellers got trapped amid the breakout of the trading range, which is a sign that buyers are in control. I also found overbought conditions on the stochastic oscillator, which is another sign of the strength. Watch for buying opportunities. The upward targets are set at the price of $3.806, $3.838 and at the price of $3.872.
Support/Resistance
$3.806– Intraday resistance
$3.710– Intraday support
$3.806 – Objective target 1
$3.838 – Objective target 2
$3.872 – Objective target 3
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 a shakeout in the background. I also found that sellers got trapped amid the breakout of the trading range, which is a sign that buyers are in control. I also found overbought conditions on the stochastic oscillator, which is another sign of the strength. Watch for buying opportunities. The upward targets are set at the price of $3.806, $3.838 and at the price of $3.872.
Support/Resistance
$3.806– Intraday resistance
$3.710– Intraday support
$3.806 – Objective target 1
$3.838 – Objective target 2
$3.872 – Objective target 3
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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