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FX.co ★ Bitcoin analysis for August 28, 2018

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Crypto Analysis:::2018-08-28T10:11:31

Bitcoin analysis for August 28, 2018

Bitcoin analysis for August 28, 2018

Trading recommendations:

According to the H4 time - frame, I found a confirmed inverted head and shoulders pattern in the background, which is a sign taht buyers are in control. I also found a broken bullish flag pattern, which is another sign of strength. My advice is to watch for buying opportunities. The projected target is set at the price of $7.444.

Support/Resistance

$6.907 – Intraday resistance

$6.828– Intraday support

$7.444 – Objective target

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

Analyst InstaForex
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