Buy BTC upon a clear breakout above $6,589.59 | 20 August 2018
20 August 2018, BTC
Technical Observation:
On the chart attached, the 152 Simple Moving Average has gone above the 52 Simple Moving Average, while the price remains above the 152 SMA, I expect nothing but a spike to the upper side with an ideal take profit at $6,589.59. If you’re not in a long position already, wait for a breakout above the resistance line $6,589.59 to pick a low risk buy position with an ideal take profit at $7,87.40. You could place a pending buy limit order around $6.310.35 towards the upper side.
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.
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Imelda Maseno
Analyst of «FreshForex» company
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