Bitcoin analysis for August 22, 2018

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Trading recommendations:

According to the H1 time - frame, I found the breakout of the neckline (HSS pattern), which is a sign that buyers are in control. The good support (previous high) is set at the price of $6.588. My advice is to watch for buying opportunities near the support with the upward targets at the price of $6.867 and at the price of $7.269 (HSS projected target).

Support/Resistance

$6.867 – Intraday resistance

$6.588– Intraday support

$6.867 – Objective target 1

$7.269 – Objective target 2

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