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.
Please can you advise me where is much more lively discussion under articles from experienced traders who love to share their ideas like here ? I am noob and I enjoy these examples and your opinions. It is somethig what is not in books etc. Thank you.
BTCINVESTING
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i agree. just for info. maybe helpful:
gumbtg
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Excuses me sir how does macd histogram confirm anything? please explain
Additionally please explain how RSI confirms price reversal. As you know I am an RSI and MACD trader so curious to hear your explanations