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    Thread: Cryptocurrency Analysis

    1. 10-04-2019, 02:56 AM #1 Collapse post
      IFX_Selena
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      BTC. Downward trending channel in control

      GBPP has been trading upwards, exactly what I expected yesterday. My second upward target has been met at the price of $1.501. My advice is to exit your long entries due to resistance on the test and watch for potential sell scalp with potential target at $1,487.

      Name: b-p-031019.jpg Views: 13 Size: 74.8 KB

      Yellow rectangle – Important resistance levels

      Blue rectangle – Support

      I found important resistance at the price of $1,500 on the test and I do expect at least downward correction. Support level is found at $1,487 (recent swing highs). MACD oscillator is showing decreasing on the upside momentum, which is sign that buying looks risky.My advice is just to take profits from yesterday and eventually try sell scalp and target potential test of $1,487.




      Name: s_jacimovic.png Views: 14 Size: 4.8 KB
      Performed by Petar Jacimovic
      Analytical expert
      InstaForex Group © 2007-2019

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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