According to the H1 time – frame, I found potential end of the 20-day upward correction (expanded flat), which is a sign that buying looks risky. I also found that prrice rejected from the Fibonacci expansion 161.8% at the level of $6.783. My advice is to watch for selling opportunties on the rallies. The downward target is set at the price of $6.062.
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 potential end of the 20-day upward correction (expanded flat), which is a sign that buying looks risky. I also found that prrice rejected from the Fibonacci expansion 161.8% at the level of $6.783. My advice is to watch for selling opportunties on the rallies. The downward target is set at the price of $6.062.
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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