There is a trading opportunity to buy in IOSTETH
Technical analysis:
. IOST/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 44.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003800 to 0.00003200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003800)
Ending of entry zone (0.00003200)
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= @ 0.00004300
TP2= @ 0.00004900
TP3= @ 0.00005950
TP4= @ 0.00006800
TP5= @ 0.00007650
TP6= @ 0.00008870
TP7= @ 0.00010420
TP8= Free
. IOST/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 44.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003800 to 0.00003200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003800)
Ending of entry zone (0.00003200)
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= @ 0.00004300
TP2= @ 0.00004900
TP3= @ 0.00005950
TP4= @ 0.00006800
TP5= @ 0.00007650
TP6= @ 0.00008870
TP7= @ 0.00010420
TP8= Free
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