Trade Recommendation: NEM

The price bounces from 0.00009000 support level. RSI confirms price reversal and MACD supports possible upward movement. DMI allows opening long positions. Pending orders for buy can be placed above the high of the previous bullish candle. It’s 0.00010500 level. Stop orders can be placed at 0.00008550 level. The profit target for short term trading is 0.00013500 resistance level. The profit target for long term trading can be 0.00018000 level.  If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: XEMBTC
Buy: 0.00010500
Stop: 0.00008550
Profit Targets: 0.00013500 and 0.00018000

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

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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.