According to the H1 time – frame, I found that price broke the supply trendline in the background, which is a sign of the strength. Most recently, I have found the intraday bullish fag in creation, which is a sign of consolidation before the potential upward continuation. Watch for the breakout of bullish flag pattern to confirm further upward continuation. The upward target is set at the price of $6.750.
Support/Resistance
$6.555 – Intraday resistance
$6.472– Intraday support
$6.750– 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 price broke the supply trendline in the background, which is a sign of the strength. Most recently, I have found the intraday bullish fag in creation, which is a sign of consolidation before the potential upward continuation. Watch for the breakout of bullish flag pattern to confirm further upward continuation. The upward target is set at the price of $6.750.
Support/Resistance
$6.555 – Intraday resistance
$6.472– Intraday support
$6.750– 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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