Trade Recommendation: Waves

The market moved lower and we have to search for a new trading opportunity. Now we have a possible support zone at 0.000600 level. RSI confirms price reversal. MACD histogram supports the upward movement. Bullish divergence gives a trend reversal signal. We have a new high which can be used for placing buy orders. Entry level is 0.000720 with stop orders at 0.000550 level. Profit targets are 0.001000 and 0.001300 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Buy: 0.000720
Stop: 0.000550
Profit Targets: 0.001000 and 0.001300

The trading signal is based on Bittrex chart.  

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.