Long
There is a possibility for the beginning of an uptrend in GRCETH
Technical analysis:
. Gridcoin/Bitcoin 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 41.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000144 to 0.00000128). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000144)
Ending of entry zone (0.00000128)
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= @ 0.00000175
TP2= @ 0.00000200
TP3= @ 0.00000230
TP4= @ 0.00000283
TP5= @ 0.00000325
TP6= @ 0.00000384
TP7= @ 0.00000425
TP8= @ 0.00000477
TP9= @ 0.00000660
TP10= Free
. Gridcoin/Bitcoin 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 41.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000144 to 0.00000128). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000144)
Ending of entry zone (0.00000128)
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= @ 0.00000175
TP2= @ 0.00000200
TP3= @ 0.00000230
TP4= @ 0.00000283
TP5= @ 0.00000325
TP6= @ 0.00000384
TP7= @ 0.00000425
TP8= @ 0.00000477
TP9= @ 0.00000660
TP10= Free
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