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

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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.

Support/Resistance

$6.907 – Intraday resistance

$6.828– Intraday support

$7.444 – Objective target

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Petar Jacimovic
Analytical expert of InstaForex
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