The market moves in a range. The price bounced from the support zone. RSI confirmed the price reversal. MACD histogram confirms a possible upward movement. DMI is bearish, but ADX line falls telling us that bears are not active.
Buy between 26.00 and 26.95 with stop orders below 26.00 support. Profit targets should be placed at the resistance levels.
You should know by this stage that the market is driven by balance and imbalance of supply and demand, not MACD and confusing indicators =)
DLavrov
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@Crypapi, may be you need to read more details about indicators, how they work, which signals they provide and how to use them? And of course what is the difference between TA and FA. It is just my advice and nothing more)
Thanks for your comment!
Crypapi
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@DLavrov, Everything you read is meant to missguide you, there is no indicator which helps you, you will learn that in some years.. or not :) (Not my words)
DLavrov
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@Crypapi, hmm... how many year I need to wait for understanding?
I have been using indicators for 12 years and I like how they work.
Crypapi
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@DLavrov, When you start to read about the true stuff that liquidates the market, supply and demand