Long
A trading opportunity to buy in DGDETH
Technical analysis:
. DigixDAO/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.15940 to 0.13700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.15940)
Ending of entry zone (0.13700)
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= @ 0.20000
TP2= @ 0.22740
TP3= @ 0.25600
TP4= @ 0.29100
TP5= @ 0.31800
TP6= @ 0.46440
TP7= Free
. DigixDAO/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.15940 to 0.13700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.15940)
Ending of entry zone (0.13700)
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= @ 0.20000
TP2= @ 0.22740
TP3= @ 0.25600
TP4= @ 0.29100
TP5= @ 0.31800
TP6= @ 0.46440
TP7= Free
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