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Trading idea for WAVES/BTC LONG - Current price 0.00067520 USD

BITTREX:WAVESBTC   Waves / Bitcoin
In the 3H chart Tenkan Sen crossed above the Kijun Sen, it is a bullish signal. Because, this type of buy signal occurred above the Kumo (cloud) we can be confident that it is a strong bullish signal.

An order should be placed once the cross has been solidified by a close.

Significant levels of support/resistance near the cross are showed in the graph.

For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.

MACD+DI is showing a confirmation of the buy signal (last green point).
The RSI is currently above 50. It is an indication of a bullish market.

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Buy: As explained above. ~ 0.000675
Take-profit: ~ from 0.00085 to 0.000975
Stop-loss: ~ 0.0005863
Trade active: WAVES is handling the BTC climbing quite well, which is a very good sign and shows that the WAVES support around 0.006640 is really strong.
Comment: Typeset error!
*0.0006640
Trade active: In the 4H chart Tenkan Sen crossed above the Kijun Sen also. Bullish trend confirmed!



Comment: MACD+DI showing "buy signal" and RSI is in the bullish zone.
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