Long
There is a possibility for the beginning of an uptrend in MTHBTC
Technical analysis:
. Monetha/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.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000510 to 0.00000433). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000510)
Ending of entry zone (0.00000433)
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= @ 0.00000615
TP2= @ 0.00000726
TP3= @ 0.00000940
TP4= @ 0.00001145
TP5= @ 0.00001690
TP6= @ 0.00002135
TP7= Free
. Monetha/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.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000510 to 0.00000433). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000510)
Ending of entry zone (0.00000433)
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= @ 0.00000615
TP2= @ 0.00000726
TP3= @ 0.00000940
TP4= @ 0.00001145
TP5= @ 0.00001690
TP6= @ 0.00002135
TP7= Free
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