According to the H1 time – frame, I found a potential bullish flag in creation, which is a sign that selling looks risky. I also found that price failed to test lower Keltner band, which is another sign of potential strength. My advice is to watch for buying opportunities. The upward targets are set at the price of $3.569 and at the price of $3.667.
Support/Resistance
$3.569– Intraday resistance
$3.407– Intraday support
$3.569 – Objective target 1
$3.667 – 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, I found a potential bullish flag in creation, which is a sign that selling looks risky. I also found that price failed to test lower Keltner band, which is another sign of potential strength. My advice is to watch for buying opportunities. The upward targets are set at the price of $3.569 and at the price of $3.667.
Support/Resistance
$3.569– Intraday resistance
$3.407– Intraday support
$3.569 – Objective target 1
$3.667 – 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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