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BTC looks like buyers are gaining grounds | 06 July 2018

06 July 2018, BTC

BTC looks like buyers are gaining grounds

Technical Observation

BTC is currently trading with an increasing bullish bias momentum. Yesterday, a rally upwards saw the price rising above the three SMAs, 14, 52, 90 and is still pretty much above these trend line, perfectly as I started, this crpto has gained momentum after establishing a support around 5700.00. Unless there's a another break below these three SMAs with a big red candle, I expect a surge upwards with an ideal take profit at $7643.35. On its way upwards, the key lines to check for include $6,931.80, and $7,643.35.

Trade Signal.

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Imelda Maseno
Analyst of «FreshForex» company
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