WWaves / Bitcoin
Long

Waves Buy Opportunity

9 823
The price is at the strong reversal zone formed by the resistance level, the downtrend line and SMA100. RSI is in the overbought zone and probably we'll see price reversal with short term falling. MACD histogram confirms downward movement but MACD lines and DMI still give bullish signals. This trading idea is based on a breakout above the reversal zone with further upward movement. Entry level is 0.000920 with stop orders at 0.000630 level. Profit target are 0.001100 and 0.001700 resistance levels. The part of trade volume can be left for long run.

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