Trade Recommendation: NXT

This is a long term trade. The price bounced from 0.060000 support level and moved upward. If the market can break SMA100, we’ll get a signal confirming a trend reversal. MACD and DMI support upward movement. Pending orders for buy should be placed at 0.082000 level with stop orders at 0.048000 level. Profit targets are 0.130000 and 0.180000 levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: NXTUSD
Buy: 0.082000
Stop: 0.048000
Profit Targets: 0.130000 and 0.180000

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

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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.