Trade Recommendation: Ethereum / Bitcoin (ETHBTC)

The price is below the cloud. DMI confirms trend market conditions and allows open short trades. We have 0.068000 strong support level and if the price breaks it, we’ll get an additional confirmation of further downward movement. Pending orders for sell must be placed below this support level. Stop orders must be at 0.078000 level. Profit target should be at 0.050000 support level. If the market bounces from 0.068000 support level and moves above the cloud, you have to delete sell orders. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: ETHBTC
Buy: 0.065000
Stop: 0.078000
Profit Targets: 0.050000

The trading signal is based on Poloniex chart.

Tags:
Author:
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.