Recently, Bitocin has been trading upwards. As I expected, the price tested the level of $6.468 and met my first objective target. Anyway, according to the H1 time – frame, I found an intraday bullish flag in creation, which is a sign that buying may resume. My advice is to watch for a breakout of the bullish flag to confirm further upward continuation. The upward target is set at the price of $6.675.
With InstaForex, you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The material has been provided by InstaForex Company – www.instaforex.com
Trading recommendations:
Recently, Bitocin has been trading upwards. As I expected, the price tested the level of $6.468 and met my first objective target. Anyway, according to the H1 time – frame, I found an intraday bullish flag in creation, which is a sign that buying may resume. My advice is to watch for a breakout of the bullish flag to confirm further upward continuation. The upward target is set at the price of $6.675.
$6.468 – Intraday resistance; $6.220 – Intraday support; $6.675 – Objective target
With InstaForex, you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The material has been provided by InstaForex Company – www.instaforex.com
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