Market: Ethereum / Bitcoin (ETHBTC)
- Buy/Entry Price: 0.071800 BTC
- Stop Loss: Stop: 0.074400 BTC
- Profit Targets: Profit Targets: 0.068000 BTC
The price bounces from the resistance zone formed by SMA100 and 0.074000 resistance level. RSI confirms price reversal. MACD confirms downward movement. DMI allows open short trades. You can place pending orders for sell at 0.071800 level. Stop orders must be above 0.074000 resistance level. Profit target should be at 0.068000 support level. If the market moves above SMA100 and the resistance level, you will have to delete sell orders and wait for a new trading opportunity. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
The trading signal is based on Poloniex chart.