Trade Recommendation: ETHBTC

This trading idea is based on a double bullish divergence. It’s formed by the price, RSI, MACD lines and histogram. The double bullish divergence gives us a strong trend reversal signal. MACD and DMI support upward movement and the daily chart also gives bullish signals. We have buy opportunity. Pending orders can be placed above SMA100 and the resistance at 0.047000 level. Stop orders must be placed at 0.038000 level. Profit targets are 0.055000 and 0.068000 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: ETHBTC
Buy: 0.047000
Stop: 0.038000
Profit Targets: 0.055000 and 0.068000

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.