There is a trading opportunity to buy in MONABTC
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 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000100 to 0.000075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000100)
Ending of entry zone (0.000075)
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= @ 0.000139
TP2= @ 0.000175
TP3= @ 0.000220
TP4= @ 0.000278
TP5= @ 0.000346
TP6= @ 0.000395
TP7= @ 0.000490
TP8= @ 0.000585
TP9= @ 0.000890
TP10= Free
. 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 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000100 to 0.000075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000100)
Ending of entry zone (0.000075)
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= @ 0.000139
TP2= @ 0.000175
TP3= @ 0.000220
TP4= @ 0.000278
TP5= @ 0.000346
TP6= @ 0.000395
TP7= @ 0.000490
TP8= @ 0.000585
TP9= @ 0.000890
TP10= Free
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