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FX.co ★ Bitcoin analysis for June 26, 2018

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Crypto Analysis:::2018-06-26T08:26:38

Bitcoin analysis for June 26, 2018

Bitcoin analysis for June 26, 2018

Trading recommendations: According to the H1 time frame, I found a potential bullish flag in creation, which is a sign that selling looks risky. I also found a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for a potential brerakout of the bullish flag to confirm a further upward movement. The upward target is set at the price of $6.766.

Support/Resistance

$6,327 – Intraday resistance; $6,085 – Intraday support; $6,146 – Objective target

With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analyst InstaForex
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