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 56.
.The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00010900 to 0.00009000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00010900)
Ending of entry zone (0.00009000)
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= @ 0.00014500
TP2= @ 0.00017500
TP3= @ 0.00022000
TP4= @ 0.00027800
TP5= @ 0.00034600
TP6= @ 0.00039500
TP7= @ 0.00049000
TP8= @ 0.00058500
TP9= @ 0.00089000
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 56.
.The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00010900 to 0.00009000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00010900)
Ending of entry zone (0.00009000)
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= @ 0.00014500
TP2= @ 0.00017500
TP3= @ 0.00022000
TP4= @ 0.00027800
TP5= @ 0.00034600
TP6= @ 0.00039500
TP7= @ 0.00049000
TP8= @ 0.00058500
TP9= @ 0.00089000
TP10= Free
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