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FX.co ★ Bitcoin analysis for November 12, 2018

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Crypto Analysis:::2018-11-12T10:55:36

Bitcoin analysis for November 12, 2018

Bitcoin analysis for November 12, 2018

Trading recommendations:

According to the H4 time - frame, I found potential double bottom formation, which is a sign that selling looks risky. The key resistance is set at the price of $6.339. If you see a valid breakout of the resistance, watch for buying opportunities. The upward target is set at the price of $6.445.

Support/Resistance

$6.339 – Intraday resistance

$6.233– Intraday support

$6.445– 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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