Trade Recommendation: Monaco

The price bounced from the reversal zone formed by SMA50 and the support levels. RSI confirmed price reversal. MACD supports upward movement and DMI allows opening long trades. Buy orders can be placed at 0.028500 level with stop at 0.020500 level. Profit targets are 0.036000 and 0.045000 levels. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Market: MCOETH
Buy: 0.028500
Stop: 0.020500
Profit Targets: 0.036000 and 0.045000

The trading signal is based on Bittrex chart.
Disclaimer: The analyst does not have investments in Monaco.

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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.