Trading recommendations:
According to the H1 time - frame, I found the strong breakout of the intraday support trendline in the background, which is a sign that sellers are in control. My advice is to watch for selling opportunities if you see a valid breakout of major support trendline becasue that would confirm potential downward continuation and potential finishing of the C wave (abc flat correction). Downward targets are set at the price of $6.290 and at the price of $6.075.
Support/Resistance
$6.631 – Intraday resistance
$6.500– Intraday support
$6.290 – Objective target 1
$6.075 – 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