This article was posted on Saturday, 16:44, UTC.
The support zone formed by 0.012000 and 0.010000 levels can stop and reverse the market. RSI and reversal candlestick pattern tell us that the market is going to move upward. Pending orders for buy can be placed above the high of the signal candle. It’s 0.013200 level. Stop orders should be below the support zone. Profit target is the resistance zone. If the market drops below 0.006000 level, you 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: 0.020000
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.