Trading recommendations:
According to the 30M time - frame, I found strong demand in the background and a bullish flag pattern in progress, which is a sign of potential upward continuation. My advice is to watch for a potential breakout of the bullish flag to confirm a further upward movement. The upward targets are set at the price of $4.087 and at the price of $4.184.
Support/Resistance
$4.050 – Intraday resistance
$3.926– Intraday support
$4.087 – Objective target 1
$4.184 – 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