Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Bitcoin analysis for August 28, 2018

August 28, 2018 Analytics

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Trading recommendations:

According to the H4 time – frame, I found a confirmed inverted head and shoulders pattern in the background, which is a sign taht buyers are in control. I also found a broken bullish flag pattern, which is another sign of strength. My advice is to watch for buying opportunities. The projected target is set at the price of $7.444.

Support/Resistance

$6.907 – Intraday resistance

$6.828– Intraday support

$7.444 – Objective target

With InstaForex you can earn on cryptocurrency’s movements right now. Just open a deal in your MetaTrader4.

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

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