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Investment Recommendations May 23rd

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NASDAQ 100: Short-Term Sell (Update)

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NASDAQ 100 Futures, 4-Hour Chart Analysis

The NASDAQ has been trading in close vicinity to the 5675 level since our recommendations, as it held up to its gains well despite the previous deep correction. The tech index still lost its relative strength compared to the S&P 500, and it failed to hit a new high, so far, this week. The benchmark might be forming a double top formation, with the 5725 level providing resistance currently.

Our recommendation remains intact, with the stop-loss level still slightly above the 5750 level. Our recommendation remains intact, with the stop-loss level still slightly above the 5750 level. The persistent internal weakness of the US markets points to a deeper correction in the coming months, but another push to new highs is still possible.

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Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Cryptocurrencies

Trade Recommendation: Bitcoin Cash

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The price passes through the cloud. ADX line of DMI indicator rises and it tells us about possible strong price movement. We have trading opportunity. Buy orders can be placed above the high of the signal candle and the downtrend line at 1503.00 level. Stop orders must be placed below the local swing low at 1120.00 level. Profit targets are 2000.00 and 2400.00 levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: BCCUSDT
Buy: 1503.00
Stop: 1120.00
Profit Targets: 2000.00 and 2400.00

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The trading signal is based on Bittrex chart.
Disclaimer: The analyst does not have investments in Bitcoin Cash.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Recommendations

Trade Recommendation: USDCHF

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This is a short term trade. The price is at the possible reversal zone formed by the support level and SMA100. RSI confirmed price reversal in the oversold zone. MACD supports further upward movement. ADX line of DMI falls and it allows us opening long trades. It’s a new trading opportunity. Buy orders can be placed at 0.99200 with stop at 0.98950 level. Profit targets are 0.99500 and 0.99800 resistance levels. The 4H chart confirms the uptrend but the daily chart looks bearish. If the market can break 0.99000 support level, it will be a signal of downward movement. That’s why it’s strongly recommended to use stop orders with long trades opened based on this trading signal. Don’t risk more than 3% from your deposit in this trade.

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Market: USDCHF
Buy: 0.99200
Stop: 0.98950
Profit Targets: 0.99500 and 0.99800

Disclaimer: The analyst does not have investments in USDCHF.

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Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Cryptocurrencies

Trade Recommendation: Stellar

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The price bounces from the support zone formed by the uptrend line, SMA100 and the support level. RSI confirms price reversal. MACD histogram supports upward movement and DMI allows opening long trades. It’s trading opportunity. Buy orders can be placed at 0.00000870 level with stop orders at 0.00000720 level. Profit targets are 0.00001200 and 0.00002000 levels. The daily chart does not give us strong bullish signals, that’s why this buy signal is more risky than it could be. You should invest small part of your deposit in this market or skip this trading opportunity. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: STRBTC
Buy: 0.00000870
Stop: 0.00000720
Profit Targets: 0.00001200 and 0.00002000

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The trading signal is based on Poloniex chart.
Disclaimer: The analyst does not have investments in Stellar.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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