Trade Recommendation: Dash

The market bounces from the uptrend line and 224.00 support level. RSI confirms price reversal. If the market could not break this support zone formed by the uptrend line and 224.00-216.00 support levels, it means we must be ready to join a possible upward movement. Pending orders for buy should be placed above the local swing high. If the market moves above 236.00 level, we’ll get an additional confirmation of the further upward movement. Stop orders must be placed below the uptrend line and the support zone. It is 215.00 level. Profit targets should be at the resistance levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Buy: 236.00
Stop: 215.00
Profit Targets: 250.00 and 260.00

The trading signal is based on Poloniex chart.

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.