ForecastCity_EU

There is a possibility for the beginning of an uptrend in ICXETH

Long
BINANCE:ICXETH   ICON / Ethereum
Technical analysis:
. ICON/ 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 43.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000980 to 0.000770). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000980)
Ending of entry zone (0.000770)

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= @ 0.001400
TP2= @ 0.001760
TP3= @ 0.002250
TP4= @ 0.002965
TP5= @ 0.004325
TP6= @ 0.005420
TP7= @ 0.006520
TP8= Free
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