Trade Recommendation: Monero

The trading signal is based on a bullish divergence. The market bounces from 85.00 level and it’s going to move upward to 100.00 strong resistance level. RSI confirms price reversal from the support level. MACD supports further upward movement. Pending orders for buy should be placed at 89.00 level. Stop orders at 83.00 level. The main profit target is 100.00 resistance level. If the price breaks it, the next profit target will be at 125.00 resistance level.  If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.

Market: XMRUSD
Buy: 89.00
Stop: 83.00
Profit Targets: 100.00 and 125.00

The trading signal is based on Poloniex chart.

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.