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 July 30, 2018

July 31, 2018 Analytics

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Trading recommendations:

According to the H1 time – frame, I found that price is trading inside of the trading range. I found a potential end of the downward correction in the background (abc flat), which is a sign that selling looks risky. My advice is to watch for a potential bullish breakout of the channel to confirm the upward continuation. The upward targets are set at the price of $8.486 and at the price of $8.783.

Support/Resistance

$8.257 – Intraday resistance

$8.000– Intraday support

$8.486 – Objective target 1

$8.783 – Objective target 2

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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