There is a possibility for the beginning of an uptrend in BTSETH
Technical analysis:
. BitShares/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 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00031700 to 0.00029600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00031700)
Ending of entry zone (0.00029600)
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= @ 0.00034200
TP2= @ 0.00036000
TP3= @ 0.00038400
TP4= @ 0.00040900
TP5= @ 0.00044700
TP6= @ 0.00047500
TP7= @ 0.00050100
TP8= @ 0.00057000
TP9= Free
. BitShares/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 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00031700 to 0.00029600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00031700)
Ending of entry zone (0.00029600)
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= @ 0.00034200
TP2= @ 0.00036000
TP3= @ 0.00038400
TP4= @ 0.00040900
TP5= @ 0.00044700
TP6= @ 0.00047500
TP7= @ 0.00050100
TP8= @ 0.00057000
TP9= Free
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