Technical analysis:
. Aeternity/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002790 to 0.002450). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002790)
Ending of entry zone (0.002450)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.003160
TP2= @ 0.003630
TP3= @ 0.003820
TP4= @ 0.004240
TP5= @ 0.004670
TP6= @ 0.005360
TP7= @ 0.006040
TP8= @ 0.007020
TP9= Free
. Aeternity/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 33.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.002790 to 0.002450). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002790)
Ending of entry zone (0.002450)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
TP1= @ 0.003160
TP2= @ 0.003630
TP3= @ 0.003820
TP4= @ 0.004240
TP5= @ 0.004670
TP6= @ 0.005360
TP7= @ 0.006040
TP8= @ 0.007020
TP9= Free