ForecastCity_EU

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

Long
BITTREX:MCOBTC   None
Technical analysis:
. Crypto.com/Bitcoin 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 57.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00075000 to 0.00064000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00075000)
Ending of entry zone (0.00064000)

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= @ 0.00089750
TP2= @ 0.00097170
TP3= @ 0.00111450
TP4= @ 0.00125640
TP5= @ 0.00139120
TP6= @ 0.00171360
TP7= Free

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