Bitcoin analysis for June 28, 2018


Trading recommendations:

According to the H1 time frame, I found a potential end of the downward correction (flat abc), which is a sign that selling looks risky. I also found a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for a potential breakout of the supply trendline to confirm further upward movement. The upward targets are set at the price of $6.521 and at the price of $6.765.Support/Resistance

$6.142 – Intraday resistance; $6,031 – Intraday support; $6.521 – Objective target 1$6.765 - Objective target 2

With InstaForex, you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

The material has been provided by InstaForex Company -