Bitcoin analysis for May 24, 2018

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Trading recommendations:

According to the H1 time - frame, I found that price did successful breakout of bearish flag, which is sign that sellers are in control. The MACD oscillator is confirm strong bearish momentum. My advice is to watch for potential selling opportunities. The downward target is set at the price of $6.962 (Fibonacci expansion 161.8%).

Support/Resistance

$7.690 – Intraday resistance

$7.400– Intraday support

$6.960 – Objective target 1

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