According to the H1 time – frame, I found that price broke the bearish flag in the background, which is a sign that sellers are in control. The short term trend is bearish and my advice is to go with the trend. Watch for selling opportunities. The downward targets are set at the price of $6.288 and at the price of $6.083.
Support/Resistance
$6.500 – Intraday resistance
$6.390– Intraday support
$6.288 – Objective target 1
$6.083 – 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 that price broke the bearish flag in the background, which is a sign that sellers are in control. The short term trend is bearish and my advice is to go with the trend. Watch for selling opportunities. The downward targets are set at the price of $6.288 and at the price of $6.083.
Support/Resistance
$6.500 – Intraday resistance
$6.390– Intraday support
$6.288 – Objective target 1
$6.083 – 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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