The price of BTC/USD bounced from the support zone formed by SMA100 and 5500.00 support level. RSI confirmed price reversal. MACD supports upward movement. DMI allows opening long trades. It’s buy opportunity. Pending orders should be placed at 5850.00 level with stop orders below the local swing low at 5325.00 level. The main profit target is 6500.00 level. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.
Market: BTCUSD
Buy: 5850.00Stop: 5325.00Profit Targets: 6500.00
Buy: 5850.00Stop: 5325.00Profit Targets: 6500.00
The trading signal is based on Poloniex chart.
Comments