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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.

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Bitcoin analysis for June 28, 2018

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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 - www.instaforex.com