According to the H1 time – frame, I found a breakout of the symmetrical triangle to the downside, which is a sign that sellers are in control. I also found a series of the lower highs and lower lows, which indicates the downward trend. My advice is to watch for selling opportunities and follow the trend direction. The downward targets are set at the price of $4.000 and at the price of $3.247.
Support/Resistance
$4.731 – Intraday resistance
$4.300– Intraday support
$4.000 – Objective target 1
$3.247 – 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 H1 time – frame, I found a breakout of the symmetrical triangle to the downside, which is a sign that sellers are in control. I also found a series of the lower highs and lower lows, which indicates the downward trend. My advice is to watch for selling opportunities and follow the trend direction. The downward targets are set at the price of $4.000 and at the price of $3.247.
Support/Resistance
$4.731 – Intraday resistance
$4.300– Intraday support
$4.000 – Objective target 1
$3.247 – 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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