Bitcoin analysis for August 27, 2018
According to the H4 time – frame, I found that price got big troubles to go above the key resistance level at $6.682. I also found a broken upward trendline in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $6.218 and at the price of $5.853.
$6.682 – Intraday resistance
$6.525– Intraday support
$6.218 – Objective target 1
$5.853 – Objective target 2
With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.