Trading recommendations:
According to the H1 time - frame, I found a broken supply trendline in the background. This means that buyers are in control. I also found an intraday bullish flag in creation, which is another sign of strength. My advice is to watch for a potential breakout of the bullish flag to confirm a further upward movement. The upward target is set at the price of $7.755.
Support/Resistance
$7.647 – Intraday resistance
$7.533– Intraday support
$7.755 – Objective target
With InstaForex you can earn on cryptocurrency's movements right now. Just open a deal in your MetaTrader4.