According to the H1 time frame, I found that the price broke the supply trendline in the background, which is a sign that buyers are in control. The recent high is also broken and this is another sign of strength. My advice is to watch for buying opportunities. The take profit is level is set at the price of $6,436.
Support/Resistance
$6,390 – Intraday resistance
$6,343– 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 that the price broke the supply trendline in the background, which is a sign that buyers are in control. The recent high is also broken and this is another sign of strength. My advice is to watch for buying opportunities. The take profit is level is set at the price of $6,436.
Support/Resistance
$6,390 – Intraday resistance
$6,343– 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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