Skip to main content

Trade Recommendation 9.10.2017: Stellar

This is a long term trade. The price reached the resistance zone. We can see an attempt to break this zone and move higher. On the 4H chart there is a flag chart pattern which tells us about continuation of the upward movement. Based on the daily chart MACD and DMI support upward movement too. Also ADX line shows that bulls become stronger. We must be ready to join possible upward movement based on the breakout signal. Pending orders for buy should be placed above the local high at 0.025000 level. Stop orders can be placed below the support zone at 0.009000 level. Profit targets are 0.050000 and 0.070000 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Market: STRUSD
Buy: 0.025000Stop: 0.009000Profit Targets: 0.050000 and 0.070000
The trading signal is based on Poloniex chart.

Comments

Post a Comment

Popular posts from this blog

history grow of money and bitcoin

https://www.youtube.com/watch?v=FKXLaui-KuQ
2 comments
Read more

Bitcoin 21.10.2017: Bitcoin Hits $100 Billion as Record Rally Continues

Bitcoin’s epic rally intensified Friday, as the token reached $6,000 for the first time in its history, bringing the total market value above $100 billion. Bitcoin’s Fresh Intraday High BTC/USD touched an intraday high of $6,064.14, bringing its total market cap to $100.8 billion. That’s roughly $85 billion higher than where the market started in January. At press time, bitcoin was trading around $5,993, up more than 5% on the day. From a technical perspective, the digital currency is considered overbought. However, the technicals are typically less reliable during extreme price movements like we’ve seen in recent weeks. The world’s leading cryptocurrency has added a staggering 520% this year. Bitcoin’s rally didn’t really extend to other cryptocurrencies Friday. Ethereum continued to trade just north of $300, while Ripple (XRP) consolidated a hair below 21 U.S. cents. The cryptocurrency market’s combined market cap is roughly $173.4 billion, which is roug...
Post a Comment
Read more

Long-Term Cryptocurrency Analysis 14.10.2017: Bitcoin Leads the Charge as Ethereum Breaks-Out

The most valuable digital currency shrugged off  all the bubble talk  and regulatory concerns of the recent period and surged to a new all-time high above $5000, as we expected. The coin almost doubled from the China lows, with a short-term top near the $5900 level but now it is short-term overbought and the long-term picture also looks stretched. That said, more gains are possible (with the final range-projection target at $7000) as the late-coming bulls pile in, but both investors and traders should reduce their holdings as the price advances as correction risk is rising progressively. Short-term support is near $5450 and the 23.6% Fibonacci extension, with further levels at $5000, $4650, and $4400. BTC/USD, Daily Chart Analysis Most of the other majors are also showing bullish signs, and the strength of Ethereum is especially encouraging, while Ripple is working its way through the correction that we have been expecting after its surge. Lit...
Post a Comment
Read more