The price bounces from Kijun line of Ichimoku indicator. DMI confirms trend market conditions and allows trading. It’s a buy opportunity and we can try to catch possible upward movement. Pending orders must be placed above the high of the signal candle. It’s 271.00 level. Stop orders must be placed below the support level at 253.00. Profit target should be near 300.00 resistance level. If the market drops below 260.00 support level, pending orders for buy must be deleted. New trading opportunity will be at the uptrend line or the kumo. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 298.50
The trading signal is based on Poloniex chart.