For Traders

Analytical Reviews

Crypto-currencies

10.08.202014:51 Forex Analysis & Reviews: BTC analysis for August 10,.2020 - Upside target from last week reached at the price of $12.100. Another sideways base in creation and potential for the breakout

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.

Further Development

Analyzing the current trading chart, I found that BTC reached our upside objective from last week and tested the level at $12,100

The upside breakout of $12,130 may lead the BTC to test $12,500

The downside breakout of support at $11,400 may lead the BTC to drop towards $10,650

Back to the list

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