BTC has been trading upwards and it started to establish the short-term uptrend. Our advice is to watch for buying opportunities.
Smaller white lines – Bullish flag (broken)
Larger white line – Resistance trendline (broken)
Gray rectangle – Resistance and upward objective
We found strong push and new momentum on the upside on the MACD indicator, which is sign of the strong demand. Most recently, there was breakout of the 30M bullish flag and rejection of the middle Bolinger band, which is great sign of the upward continuation. Support levels are found at $7.880 and $7.777. Projected upward target is set at the price of $8.280. We recorded the new momentum on the MACD oscillator and flip up on Stochastic, which are great signs for further upward continuation.
The material has been provided by InstaForex Company – www.instaforex.com
BTC has been trading upwards and it started to establish the short-term uptrend. Our advice is to watch for buying opportunities.
Smaller white lines – Bullish flag (broken)
Larger white line – Resistance trendline (broken)
Gray rectangle – Resistance and upward objective
We found strong push and new momentum on the upside on the MACD indicator, which is sign of the strong demand. Most recently, there was breakout of the 30M bullish flag and rejection of the middle Bolinger band, which is great sign of the upward continuation. Support levels are found at $7.880 and $7.777. Projected upward target is set at the price of $8.280. We recorded the new momentum on the MACD oscillator and flip up on Stochastic, which are great signs for further upward continuation.
The material has been provided by InstaForex Company – www.instaforex.com
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