Trading recommendations:
According to the H1 time - frame, I found the breakout of the intraday support trendline, which is a sign that sellers are in control. I also found the next potential support level at the $6.208 (upward trendline) and my advice is to watch for selling opportunities. The downward targets are set at the price of $6.208 and at the price of $6.167. The short-term trend is downward.
Support/Resistance
$6.320 – Intraday resistance
$6.208 – Objective target 1
$6.167 – 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