According to the H1 time frame, I found that BTC had tested the level of $3.765. In addition, there is a breakout of the intraday downward channel, which is a sign that buyers are in control. The short-term trend is bullish. My advice is to watch for buying opportunities. The upward target is set at the price of $4.045.
Support/Resistance
$3.735 – Intraday resistance
$3.640– Intraday support
$4.045 – 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 H1 time frame, I found that BTC had tested the level of $3.765. In addition, there is a breakout of the intraday downward channel, which is a sign that buyers are in control. The short-term trend is bullish. My advice is to watch for buying opportunities. The upward target is set at the price of $4.045.
Support/Resistance
$3.735 – Intraday resistance
$3.640– Intraday support
$4.045 – 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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