Trade Recommendation: Waves
We have a support zone formed by SMA100, the uptrend line and 0.001100 support level. The price can bounce from this zone and start a new upward movement. We can place pending orders for buy above the downtrend line and the local high. It’s 0.001180 level. If the price breaks the downtrend line, it will be confirmation of further upward movement. MACD histogram rises and supports upward movement. DMI allows to open long trades. Stop orders for long trades must be placed at 0.001080 level and take-profit orders at 0.001300 and 0.001400 resistance levels. If the price drops below 0.001100 support level, buy orders should be deleted. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 0.001300 and 0.001400
The trading signal is based on Bittrex chart.