This article was posted on Monday, 21:51, UTC.
The price bounces from the support zone formed by 300.00 and 280.00 levels. MACD and RSI form a bullish divergence. It’s a trend reversal signal. The market is going to reverse and we can expect further upward movement. It’s buy opportunity. Pending orders must be placed above 320.00 resistance level. Stop orders can be at 270.00 level. Profit target is 400.00 level and a part of trading volume can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
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Profit Targets: 400.00
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.