Long
There is a possibility for the beginning of an uptrend in STRUSD
Technical analysis:
. STELLAR/DOLLAR 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 38.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.09934000 to 0.08942000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.09934000)
Ending of entry zone (0.08942000)
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= @ 0.11080000
TP2= @ 0.11930000
TP3= @ 0.13807000
TP4= @ 0.17342000
TP5= @ 0.18912000
TP6= @ 0.20730000
TP7= @ 0.23610000
TP8= @ 0.28670000
TP9= @ 0.33745000
TP10= Free
. STELLAR/DOLLAR 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 38.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.09934000 to 0.08942000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.09934000)
Ending of entry zone (0.08942000)
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= @ 0.11080000
TP2= @ 0.11930000
TP3= @ 0.13807000
TP4= @ 0.17342000
TP5= @ 0.18912000
TP6= @ 0.20730000
TP7= @ 0.23610000
TP8= @ 0.28670000
TP9= @ 0.33745000
TP10= Free
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