The price bounces from SMA20 and it can be a confirmation of further upward movement. MACD histogram and RSI confirm price reversal. DMI confirms trend market conditions. We could buy, but 16.00 resistance level can be a barrier for price movement. It will be correctly to wait when the market moves above 16.00 level. Also it’s possible to place pending orders for entry at 16.25 level. Stop orders must be at 15.65 level. The main profit target is at 17.00 resistance level. The other part of trading volume could be closed at 18.00 level. If the price drops below 15.00 level, pending orders for buy must be deleted. We’ll have to wait for new trading opportunity. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 17.00
The trading signal is based on Poloniex chart.