Main Quotes Calendar Forum
flag

FX.co ★ Ichimoku cloud indicator analysis of Bitcoin for September 13, 2018

parent
Crypto Analysis:::2018-09-13T13:15:25

Ichimoku cloud indicator analysis of Bitcoin for September 13, 2018

Ichimoku cloud indicator analysis of Bitcoin for September 13, 2018

Trading recommendations:

According to the H1 time - frame, I found that price broke the supply trendline in the background and the Ichimoku cloud, which is a sign that buyers are in control. I also found the rising upward trendline and successful rejection of the Tenkan-sen (yellow line), which is another sign of strenght. On the H4 time – frame, I found a fresh cross of Tenkan sen – Kijun sen, which is another positive sign for a further upward movement. Watch for buying opportunities. The upward target is set at the price of $6.696.

Support 1 – $6.384 (yellow line)

Support 2 - $6.309 (purple line)

Objective target - $6.696 (Fibonacci expansion 161.8%)

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...