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    Thread: Cryptocurrency Analysis

    1. 07-31-2019, 03:33 AM #5 Collapse post
      IFX_Selena
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      BTC. Bearish flag in creation
      30 July 2019

      Industry news:
      Announced by Pundi X in a blog post on Monday, the firms have entered a symbiotic relationship regarding their wallet tech, with Pundi X integrating with Samsung's Blockchain Wallet and making its XWallet available to the Galaxy S10 phone's blockchain app options.

      "This presents a unique opportunity to push blockchain technology and blockchain-based digital assets into the mainstream, reaching the millions of Samsung smartphone users around the world," firm says in the post.


      Technical view:
      Name: b-p-300719.jpg Views: 1830 Size: 69.6 KB
      BTC is trading sideways at the price of $9.550 and it seems like it is building a bear flag for more downside. Pat attention on important resistance levels at $9.600 and $9.700.

      Technical picture:

      Red rising line – Bear flag pattern in creation

      Gray rectangle – Resistance 1 ($9.600)

      Blue rectangle – Resistance 2 ($9.700)

      Orange horizontal line – Main swing low ($9.101)

      Stochastic oscillator is showing bearish divergence, which is sign for potential buyers exhaustion near the level of $9.600. My advice is to watch for selling opportunities with the downward target at $9.101.


      Name: s_jacimovic.png Views: 1832 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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