Trading recommendations:

According to the H1 time - frame, I found that price rejected from the supply trendline in the background, which is a sign that buying looks risky around the level of $6.450. I also found an intraday support trendline and my advice is to watch for a breakout fo confirm a further downward movement. The downawrd target is set at the price of $6.084.

Support/Resistance

Major resistance - $6.450

Major support - $6.084.

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

Click here to read the full article...