Technical analysis: . MONACOIN/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 52. . 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 (0.00017600 to 0.00014000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00017600) Ending of entry zone (0.00014000)
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= @ 0.00021870 TP2= @ 0.00025680 TP3= @ 0.00030700 TP4= @ 0.00034550 TP5= @ 0.00041500 TP6= @ 0.00050240 TP7= @ 0.00063110 TP8= @ 0.00070000 TP9= @ 0.00089100 TP10= Free
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