Technical analysis:
. Vibe/Ethereum is in a down trend 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 39.
. 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 (0.0001110 to 0.0000930). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0001110)
Ending of entry zone (0.0000930)
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= @ 0.0001400
TP2= @ 0.0001550
TP3= @ 0.0001800
TP4= @ 0.0002160
TP5= @ 0.0002430
TP6= @ 0.0003030
TP7= @ 0.0003530
TP8= @ 0.0004100
TP9= @ 0.0005130
TP10= @ 0.0006050
TP11= Free
. Vibe/Ethereum is in a down trend 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 39.
. 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 (0.0001110 to 0.0000930). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0001110)
Ending of entry zone (0.0000930)
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:
TP1= @ 0.0001400
TP2= @ 0.0001550
TP3= @ 0.0001800
TP4= @ 0.0002160
TP5= @ 0.0002430
TP6= @ 0.0003030
TP7= @ 0.0003530
TP8= @ 0.0004100
TP9= @ 0.0005130
TP10= @ 0.0006050
TP11= Free