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09.08.201812:01 Forex Analysis & Reviews: Bitcoin analysis for August 09, 2018

Long-term review

Exchange Rates 09.08.2018 analysis

Trading recommendations:

According to the 30M time frame, I found selling climax in the background, which signs that strength. I also found a successful testing of supply on low volume, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $6.479 and at the price of $6.722.

Support/Resistance

$6.322 – Intraday resistance

$6.092– Intraday support

$6.479 – Objective target 1

$6.722 – Objective target 2

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2022
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