MACD is showing Hidden Bullish Divergence. Also RSI is confirming this too. Lower Low on indicator and Higher Low is indicating that the price wants to move up. Moving averages are supporting Trend Reversal and further upward movement. MA100 is giving a great support level and the price has strong support at 58 level. So the stop loss should be around this level.
Confirmations for further upward movement the price needs to break 62 level and buy orders should set at or above this level. In case the price reversals and breaks the trend line downwards then buy order should be cancelled and wait for new buy opportunities.
Trading information: Buy: at or above 62 Partial profit: around 66 Long term profit: 90 Stop-loss: 58
Be careful while trading!
Things to remember: -> To trade safely we need to use stop losses in case something goes wrong. -> Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement. -> Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
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The price keeps hovering around the buy target at the moment.
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The Ascending Triangle. IF the pattern breaks upwards this confirms further upward movement.
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The ascending Triangle broke upwards. This confirms that the price is heading further up.