28.08.201812:11 Forex Analysis & Reviews: Bitcoin analysis for August 28, 2018

Long-term review

Exchange Rates 28.08.2018 analysis

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.


$6.907 – Intraday resistance

$6.828– Intraday support

$7.444 – Objective target

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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
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