This article was posted on Saturday, 16:04, UTC.
The price bounced from the uptrend line and 0.008000 support level. RSI confirmed price reversal. After passing through the downtrend line we got a confirmation of further upward movement. We should place pending orders for buy above the high of the signal candle. Entry level is 0.009625 with stop orders below the support level. Profit target should be at the resistance level. The part of trading volume can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
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Profit Targets: 0.011500
The trading signal is based on Bittrex 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.