Trading recommendations:
According to the H4 time - frame, I found that price broke the resistance trendline in the background, which is a sign that buyers are in control. I also found the potential start of the rising channel, which also indicates that buying opportunities are preferable. I placed Fibonacci retracement to find a potential upward target and I got Fibonacci retracement 61.8% at the price of $6.855. Watch for buying opportunities.
Support/Resistance
Support cluster - $6.380
Upward target - $6.855
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