Trade Recommendation: Siacoin

The trading idea is based on a bullish divergence. The market was stopped at 0.00000050 level. We can consider this level as a support and possible starting point for upward movement. The price diverges with MACD lines and it gives us a trend reversal signal. Also MACD lines support upward movement. If the price breaks 0.00000060 resistance level and SMA100, it will be a confirmation that the market is going to move higher. Pending orders for buy can be placed at 0.00000064 level with stop below the local swing low 0.00000040 level. Profit targets are 0.00000100 and 0.00000150 resistance levels. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.

Market: SCBTC
Buy: 0.00000065
Stop: 0.00000040
Profit Targets: 0.00000100 and 0.00000150

The trading signal is based on Poloniex 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.