Trade Recommendation: Dash
If the market bounces from 350.00 support level and moves above the kumo, we should expect for further upward movement. DMI indicator shows range market conditions and it’s not a good idea to use trend following strategies. But ADX line rises and probably it will confirm the beginning of a new price movement. It’s possible to place pending orders for buy above the local swing high at 365.00 level. Stop orders must be at 345.00 level. Profit target should be near 400.00 resistance level. This is not the perfect trading signal, but it can be a variant for catching possible upward movement on time. If the price drops below the kumo, buy orders must be deleted. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 390.00
The trading signal is based on Poloniex chart.