Dash Buy Opportunity

Price diverges with RSI and MACD histogram. It's a bullis divergence and a signal confirming price reversal with possible upward movement. We can see that the market is going to bounce from the support level. RSI and a bullish candle confirm price reversal. MACD histogram confirms upward movement. We have buy opportunity. If price breaks 160.00 resistance level, we'll be able to buy with stop below 140.00 support level. Profit targets are 180.00 and 200.00 resistance levels. In order to get one more confirmation for buying, it will be better to wait when ADX line starts falling. Don't forget that the markets are not stable. Use small volume for trading and follow proper money management strategies.

Bình luận:

The market broke the support line. Wait for new reversal signals.