The trading idea is based on a breakout above the previous swing high with continuation of the uptrend. The price is above the cloud and it’s time for buying. If the market moves above 390.00 resistance level and the local swing high, it will give us confirmation of further upward movement. We can place pending orders for buy at 395.00 level and join this movement based on the breakout signal. Stop orders must be placed at 335.00 level. Profit targets are 480.00 and 550.00 levels. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.
Profit Targets: 480.00 and 550.00
The trading signal is based on Poloniex chart.