ForecastCity
Long

There is a possibility for the beginning of uptrend in PEERCOIN

BITTREX:PPCBTC   Peercoin / Bitcoin
Technical analysis:
. PEERCOIN/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 37.
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.

Trading suggestion:
There is a possibility of temporary retracement to suggested Buy Zone (0.000273 to 0.000210). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (0.000273)
Ending of entry zone (0.000210)

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= @ 0.000323
TP2= @ 0.000356
TP3= @ 0.000386
TP4= @ 0.000450
TP5= @ 0.000507
TP6= @ 0.000690
TP7= Free
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