This buy signal is based on a bullish divergence. The price diverges with MACD histogram and RSI and it tells us about trend reversal. MACD lines support upward movement. DMI allows open long trades. Pending orders for buy can be placed above the local high at 293.00 level. Stop orders can be placed below the local swing low at 265.00 level. Profit targets are 320.00 and 350.00 resistance levels. The part of volume also can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.
Buy: 293.00Stop: 265.00Profit Targets: 320.00 and 350.00
The trading signal is based on Poloniex chart.
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