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

Technical analysis:
. MONACO/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.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00064900 to 0.00056070). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00064900)
Ending of entry zone (0.00056070)

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 the 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= @ 0.00086450
TP2= @ 0.00102580
TP3= @ 0.00115790
TP4= @ 0.00128800
TP5= @ 0.00147650
TP6= @ 0.00171360
TP7= @ 0.00201490
TP8= @ 0.00238400
TP9= @ 0.00347400
TP10= Free


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