The price reverses above the cloud and it's going to move upward. ADX line of DMI indicator rises and it tells us that we should be ready to see strong price movement. The bulls become stronger. If the price breaks the previous swing highs and 1200.00 resistance level, it will be a confirmation of further upward movement. We can use this breakout signal for joining to the uptrend. Entry level is 1210.00 with stop at 990.00 level. Profit targets are 1500.00 and 2000.00 levels.
@DeepseaDom, but didn't they generally follow a similar pattern
DeepseaDom
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@djzmo, yes they do but when shorting the road to fiat stability is much shorter
luciding
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It seems 1210 level is only at a trial, so we could keep an eye on it, and wait for a market to start on Monday.
IbrahimArat
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Hi, I have been following your analysis for a while. So I have a question about indicators that you use. Why do you use generally RSI,DMI and ICHIMOKU ? Those are enough for TA in cryptocurrency?
Blackhole-Trading
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@DLavrov I have the same question as this person. Just started following you and I see you always use only these indicators. Are they enough? Also, if you can point to some good resources to learn and understand these indicators from, that would be great.
overly_ambitious
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@jas0992, @IbrahimArat. I am also new guys and have just started using similar indicators and they have been working for me. Have a look at some of my ideas and you can see for yourself.
nginx
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Is this trade still active? Seems like it turned out to be a big loss.
smmservicespro
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@nginx, lately all lavrovs analysis have been failing
why always in usdt :(