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Wait | 15 August 2018

15 August 2018, BTC

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Technical Observation
yesterday, BTC pulled intensely to the upperside and is now above the three Simple Moving Avarages. This is a bullish dominance signal, and while the price is above the 152 Simple Moving Average, I expect a rally to the upperside, In the meantime, I'm waiting for the 152 Simple Moving Avarage to cross below the 14 SMA to confirm a possible momentum to the upperside. On its way upwards, the key lines to look for include $6,582, $7,121, and $7,799. If these lines are broken, then a rally towards last years highest high is expected. As it is on the chart attached, if you went short previously, then take profits now.
Trade Signal.
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Imelda Maseno
Analyst of «FreshForex» company
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