MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Bitcoin analysis for April 09, 2019

BTC has been trading continues to trade sideways at the price of $5.192 and with very slow momentum. BTC is in indecision zone and we would need further confirmation before the next direction.

analytics5cac937d7a87d.jpg

According to the H1 time-frame, we found that ADX reading is below 30 and, which is sign that short-term trend is weak and sideways price action is present. We found potential for ascending triangle in creation but the price would need to break the resistance at $5.326 and then successfully test it before we start to buy again. If the resistance at the price of $5.326 holds, sell off will be possible. The breakout of the support at $5.000 may confirm downward scenario and potential test of $4.636.

Trading recommendation: We are neutral but we are closely observing potential breakout of the support or resistance to confirm further direction.

The material has been provided by InstaForex Company - www.instaforex.com