This article was posted on Sunday, 15:42, UTC.
The price bounced from the support zone. RSI confirmed price reversal. For confirmation further upward movement, the price will have to break the downtrend line and move above the local swing high. Pending orders for buy can be placed at 57.00 level. Stop orders must be placed below the local swing low. Profit target is 88.00 resistance level. The part of volume can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 15% from your deposit.
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Profit Targets: 88.00
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.