Long Trading Signal for NEM

٢٨ يناير ٢٠١٨

The price bounced from the resistance zone formed by SMA100 and the downtrend line. The previous swing high can be used as a signal level. If price breaks it, we'll get a trend reversal signal and confirmation of further upward movement. MACD lines and DMI are bullish and support buying. Pending orders can be placed at 0.000093 level with stop orders at 0.000072 level. Profit targets are 0.000110 and 0.000135 resistance levels. If the price continues the downward movement and breaks the support levels, we will have to delete buy orders and wait for new trading opportunities.