This article was posted on Saturday, 11:53, UTC.
The market can’t pass through SMA100 and the uptrend line. It’s a support zone and we can expect for price reversal with further upward movement. Pending orders for buy should be placed at 12.00 level which is above the local swing high. MACD lines confirm upward movement. DMI allows open long trades. If the markets breaks below the uptrend line, you will have to delete buy orders. 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: 13.50
The trading signal is based on Bitfinex 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.