The price moves in a horizontal channel formed by 0.15000 and 0.20000 levels. The market is near the bottom border of this channel. If we look at the 4H chart, we can see that the price bounced from the support level. RSI and a bearish divergence confirm a price reversal. We must be ready to catch a new upward movement. Pending orders for buy should be placed above 0.16200 level. Stop orders must be placed below the support level. Profit targets are at 0.18000 and 0.20000 resistance levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 0.18000 and 0.20000
The trading signal is based on Poloniex chart.