There is a possibility for the beginning of an uptrend in NXSBTC
Technical analysis:
. Nexus/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 30.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00006130 to 0.00008100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00006130)
Ending of entry zone (0.00008100)
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= @ 0.00007140
TP2= @ 0.00008610
TP3= @ 0.00010080
TP4= @ 0.00011580
TP5= @ 0.00016000
TP6= @ 0.00022100
TP7= @ 0.00036600
TP8= @ 0.00046300
TP9= @ 0.00055900
TP10= Free
. Nexus/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 30.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00006130 to 0.00008100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00006130)
Ending of entry zone (0.00008100)
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= @ 0.00007140
TP2= @ 0.00008610
TP3= @ 0.00010080
TP4= @ 0.00011580
TP5= @ 0.00016000
TP6= @ 0.00022100
TP7= @ 0.00036600
TP8= @ 0.00046300
TP9= @ 0.00055900
TP10= Free
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.