According to the H1 time frame, I found that the BTC is trading inside of the range between the price of $4,135 (resistance) and the price of $3.852 (support). My advice is to watch for a potential breakout of the trading range to confirm further direction. If you see a breakout of resitance, the upward target will be set at the price of $4.360. If you see a valid breakout of support, the downward target will be set at the price of $3.615.
Support/Resistance
$4.135– Intraday resistance
$3.852– Intraday support
$4.360 – Objective target upward
$3.615 – Objective target downward
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 the BTC is trading inside of the range between the price of $4,135 (resistance) and the price of $3.852 (support). My advice is to watch for a potential breakout of the trading range to confirm further direction. If you see a breakout of resitance, the upward target will be set at the price of $4.360. If you see a valid breakout of support, the downward target will be set at the price of $3.615.
Support/Resistance
$4.135– Intraday resistance
$3.852– Intraday support
$4.360 – Objective target upward
$3.615 – Objective target downward
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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