Trade Recommendation: Ethereum / Bitcoin (ETHBTC) | Hacked: Hacking Finance
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Analysis

Trade Recommendation: Ethereum / Bitcoin (ETHBTC)

Posted on .

Trade Recommendation: Ethereum / Bitcoin (ETHBTC)

Introduction

This article was posted on Wednesday, 16:32, UTC.

The price bounces from the resistance zone formed by SMA100 and 0.074000 resistance level. RSI confirms price reversal. MACD confirms downward movement. DMI allows open short trades. You can place pending orders for sell at 0.071800 level. Stop orders must be above 0.074000 resistance level. Profit target should be at 0.068000 support level. If the market moves above SMA100 and the resistance level, you will have to delete sell orders and wait for a new trading opportunity. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Market: ETHBTC
Sell: 0.071800
Stop: 0.074400
Profit Targets: 0.068000

The trading signal is based on Poloniex chart.

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Dmitriy Lavrov

Dmitriy Lavrov

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.

Comments
  • user

    AUTHOR Chris G

    Posted on 4:52 pm September 6, 2017.

    well, I managed to take some profit on price action in ethereum and litecoin over the last two days – given the long-term overbought readings and likelihood of correction in those coins, I was sweating bullets and pulled out until deeper correction occurs …

  • user

    AUTHOR junhoa1

    Posted on 4:58 pm September 6, 2017.

    Does the current 0.072 mean further decrease? Please provide a detailed explanation.

  • user

    AUTHOR motboy

    Posted on 6:09 pm September 6, 2017.

    Any reason why this didn’t come through as an email notification?

  • View Comments (3) ...
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