The price came back above the support zone. We can consider that the market could not break this zone and stay below. We should be ready to see a new wave of upward movement. RSI confirms price reversal and MACD shows that the market is going to move upward. DMI allows opening long trades. It gives us buy opportunity. Entry level should be at 6400.00 with stop orders at 5560.00 level. Profit targets are based on round numbers such as 7000.00 and 7500.00 levels. The part of trade volume can be left for long run. Using stop orders is strongly recommended. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Market: BTCUSD
Buy: 6400.00Stop: 5560.00
Profit Targets: 7000.00 and 7500.00
Market: BTCUSD
Buy: 6400.00Stop: 5560.00
Profit Targets: 7000.00 and 7500.00
The trading signal is based on Poloniex chart.
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