Main Quotes Calendar Forum
flag

FX.co ★ Bitcoin analysis for August 17, 2018

parent
Crypto Analysis:::2018-08-17T12:15:15

Bitcoin analysis for August 17, 2018

Bitcoin analysis for August 17, 2018

Trading recommendations:

According to the 30M time frame, I found that price did fake breakout of the yesterday's high at the level of $6,440, which is a sign that buying looks risky. I also found a weekly pivot at $6,641 and a hidden bearish divergence on the RSI oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of $6,200.

Support/Resistance

$6,520 – Intraday resistance

$6,380– Intraday support

$6,200 – Objective target

With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...