This article was posted on Friday, 16:45, UTC.
The price is going to bounces from Senkou B line and 3000.00 support level. RSI reached the oversold zone and it’s going to confirm price reversal. In spite of DMI shows strong downward movement, the current levels are good for buying in long term. Pending orders should be placed at 3700.00 level. Stop orders must be below 2900.00 level. The main profit target is 4800.00 level and the rest of long trades can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.
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Profit Targets: 4800.00
The trading signal is based on Poloniex chart.
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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.