empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

24.06.201918:41 Forex Analysis & Reviews: BTC 06.21.2019 - Cosolidation

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.

BTC has been trading sideways in past 2 days and it is doing consolidation at the moment. You should watch for potential breakout of the horizontal base to confirm further direction.

Exchange Rates 24.06.2019 analysis

Green rectangles – trading range support-resistance

BTC did enter into consolidation mode between the price of $11.346 (resistance) and $10.311(support). Watch for potential breakout of resistance or support to confirm further direction. The upward breakout would confirm the potential test of $12.364. From other side, the potential break of the support would confirm test of $9.311. Mid trend is still bullish.

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off