Technical analysis: . DIGIXDAO/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 38. . While price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion: Price is in the support zone (0.16500 to 0.14600), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.16500) Ending of entry zone (0.14600)
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 the 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= @ 0.19600 TP2= @ 0.23000 TP3= @ 0.25650 TP4= @ 0.29100 TP5= @ 0.35750 TP6= @ 0.42300 TP7= @ 0.48800 TP8= @ 0.58100 TP9= @ 0.69950 TP10= Free
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.