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FX.co ★ Bitcoin analysis for August 29, 2018

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Crypto Analysis:::2018-08-29T10:35:46

Bitcoin analysis for August 29, 2018

Bitcoin analysis for August 29, 2018

Trading recommendations:

According to the H4 time - frame, I found that price broke the inverted head and shoulders pattern in the background, which is a sign that buyers are in control. Most recently I found the small sideways base and my advice is to watch a breakout of resistance to confirm further upward continuation. The projected target is set at the price of $7.444.00.

Support/Resistance

$7.088 – Intraday resistance

$6.953– 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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