Trade Recommendation: NXT

Bullish divergence gives a trend reversal signal. We should be ready to see a new upward movement. RSI confirms price reversal from 0.0000100 support level. MACD histogram supports upward movement. DMI allows to open long trades. We should buy based on a breakout above the local swing high. It will gives us an additional confirmation that the market is going to move upward. Pending orders for buy should be placed at 0.0000120 level with stop orders at 0.0000094 level. Profit targets are 0.0000160 and 0.0000200 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: NXTBTC
Buy: 0.0000120
Stop: 0.0000094
Profit Targets: 0.0000160 and 0.0000200

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.