Trade Recommendation: Stellar
This article was posted on Friday, 10:44, UTC.
The price bounced from the strong support zone formed by 2 uptrend lines and 0.018300 support level. RSI and a bullish divergence confirm price reversal with further upward movement. It’s a buy signal and we have to place pending orders at 0.019650 level. Stop orders must be placed below the local swing low at 0.018000 level. Profit targets are 0.021500 and 0.024000 resistance levels. 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: 0.021500 and 0.024000
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.