DLavrov

STEEM Double Bullish Divergence

Long
POLONIEX:STEEMBTC   STEEM / Bitcoin
The trading idea is based on a double bullish divergence and it gives us a trend reversal signal. The price passed through the cloud and we got a confirmation of a new uptrend. DMI confirms trend market conditions and allows trading. We can place pending orders for buy a little bit higher than 0.000150 resistance level. Stop orders must be placed at 0.000126 level. Profit targets are 0.000200 and 0.000240 level. The part of trade volume can be left for long run with higher profit targets.

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