According to the 30M time – frame, I found that BTC reached my yesterday’s upward target at $4.050. Anyway, I found strong rejection from the resistance at the price of $4.050, which is the warning sign for further upward movement. BTC is trading in a sideways mode now. Watch for potential selling opportunities. Downward targets are set at the price of $3.900 and at the price of $3.850.
Support/Resistance
$4.050 – Intraday resistance
$3.898– Intraday support
$.3.900 – Objective target 1
$3.850 – 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 30M time – frame, I found that BTC reached my yesterday’s upward target at $4.050. Anyway, I found strong rejection from the resistance at the price of $4.050, which is the warning sign for further upward movement. BTC is trading in a sideways mode now. Watch for potential selling opportunities. Downward targets are set at the price of $3.900 and at the price of $3.850.
Support/Resistance
$4.050 – Intraday resistance
$3.898– Intraday support
$.3.900 – Objective target 1
$3.850 – 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
Related Posts: