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FX.co ★ Bitcoin analysis for June 28, 2018

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Crypto Analysis:::2018-06-28T08:51:11

Bitcoin analysis for June 28, 2018

Bitcoin analysis for June 28, 2018

Trading recommendations:

According to the H1 time frame, I found a potential end of the downward correction (flat abc), 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 breakout of the supply trendline to confirm further upward movement. The upward targets are set at the price of $6.521 and at the price of $6.765.Support/Resistance

$6.142 – Intraday resistance; $6,031 – Intraday support; $6.521 – Objective target 1$6.765 - Objective target 2

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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