The market gave us a trend reversal signal based on a bullish divergence. If the price stays above 12.00 support level, we should be ready to see a new uptrend. Of course, everything will depend on the direction of Bitcoin.
DMI tells us about the bearish market. But MACD supports a possible upward movement. If the price breaks the local swing high, it will be possible to open buy trades with stop orders below the key support and profit targets at higher resistance levels.
The market looks interesting for buying, and with proper risk and money management, it will be able to make a good profit. But also we must watch for BTCUSD as the downward movement in that market will push Binance coin below 12.00 support. If so, the lower support zone will be good for buying as well.
DMI tells us about the bearish market. But MACD supports a possible upward movement. If the price breaks the local swing high, it will be possible to open buy trades with stop orders below the key support and profit targets at higher resistance levels.
The market looks interesting for buying, and with proper risk and money management, it will be able to make a good profit. But also we must watch for BTCUSD as the downward movement in that market will push Binance coin below 12.00 support. If so, the lower support zone will be good for buying as well.
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