According to the H4 time – frame, I found that price did a successful breakout of the upward trendline in the background, which is a sign that sellers are in control. I have also found a buying climax in the background, which is another big 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
$6.191– 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 that price did a successful breakout of the upward trendline in the background, which is a sign that sellers are in control. I have also found a buying climax in the background, which is another big 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
$6.191– 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
Related Posts: