Technical analysis:
. Miota/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 36.
. 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 (0.00004600 to 0.00004025). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00004600)
Ending of entry zone (0.00004025)
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= @ 0.00005410
TP2= @ 0.00006260
TP3= @ 0.00007060
TP4= @ 0.00008020
TP5= @ 0.00008540
TP6= @ 0.00009490
TP7= @ 0.00012870
TP8= @ 0.00018330
TP9= Free
. Miota/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 36.
. 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 (0.00004600 to 0.00004025). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00004600)
Ending of entry zone (0.00004025)
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:
TP1= @ 0.00005410
TP2= @ 0.00006260
TP3= @ 0.00007060
TP4= @ 0.00008020
TP5= @ 0.00008540
TP6= @ 0.00009490
TP7= @ 0.00012870
TP8= @ 0.00018330
TP9= Free