According to the H1 time – frame, I found a potential end of the downward correction (expanded flat abc), which is a sign that selling looks risky. The level of $6.346 is the key short – term support and my advice is to watch for buying opportunities around this level. The upward target is set at the price of $6.436/
Support/Resistance
$6.436 – Intraday resistance
$6.346– Intraday support
$6.436 – 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 a potential end of the downward correction (expanded flat abc), which is a sign that selling looks risky. The level of $6.346 is the key short – term support and my advice is to watch for buying opportunities around this level. The upward target is set at the price of $6.436/
Support/Resistance
$6.436 – Intraday resistance
$6.346– Intraday support
$6.436 – 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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