A trading opportunity to buy in VIBETH
Technical analysis:
. Viberate/Ethereum 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 45.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00018000 to 0.00015500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00018000)
Ending of entry zone (0.00015500)
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= @ 0.00021670
TP2= @ 0.00023450
TP3= @ 0.00029250
TP4= @ 0.00034650
TP5= @ 0.00041500
TP6= @ 0.00049900
TP7= Free
. Viberate/Ethereum 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 45.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00018000 to 0.00015500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00018000)
Ending of entry zone (0.00015500)
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= @ 0.00021670
TP2= @ 0.00023450
TP3= @ 0.00029250
TP4= @ 0.00034650
TP5= @ 0.00041500
TP6= @ 0.00049900
TP7= Free
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