According to the H4 time – frame, I found the breakout of the support trendline in the background, which is a sign that sellers are in contorl. I also found the buying climax in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $6.163 and at the price of $6.031.
Support/Resistance
$6.270 – Intraday resistance
$6.163– Intraday support
$6.163 – Objective target 1
$6.031 – 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 H4 time – frame, I found the breakout of the support trendline in the background, which is a sign that sellers are in contorl. I also found the buying climax in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of $6.163 and at the price of $6.031.
Support/Resistance
$6.270 – Intraday resistance
$6.163– Intraday support
$6.163 – Objective target 1
$6.031 – 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
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