According to the H1 time – frame, I found that BTC has been trading upwards. The price tested the level of $4.296. I also found that strong resistance at the price of $4.070 now became the support, which is sign that selling looks risky and that buyers are in control. My advice is to watch for buying opportunities. The upward target is set at the price of $4.717.
Support/Resistance
$4.320 – Intraday resistance
$4.070– Intraday support
$4.717 – 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 BTC has been trading upwards. The price tested the level of $4.296. I also found that strong resistance at the price of $4.070 now became the support, which is sign that selling looks risky and that buyers are in control. My advice is to watch for buying opportunities. The upward target is set at the price of $4.717.
Support/Resistance
$4.320 – Intraday resistance
$4.070– Intraday support
$4.717 – 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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