Technical analysis:
. Waves/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 21.
. 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 (0.009120 to 0.007958). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.009120)
Ending of entry zone (0.007958)
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 the 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= @ 0.010244
TP2= @ 0.011041
TP3= @ 0.012590
TP4= @ 0.013967
TP5= @ 0.015676
TP6= @ 0.018140
TP7= @ 0.020935
TP8= @ 0.024550
TP9= @ 0.028660
TP10= Free
. Waves/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 21.
. 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 (0.009120 to 0.007958). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.009120)
Ending of entry zone (0.007958)
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 the 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= @ 0.010244
TP2= @ 0.011041
TP3= @ 0.012590
TP4= @ 0.013967
TP5= @ 0.015676
TP6= @ 0.018140
TP7= @ 0.020935
TP8= @ 0.024550
TP9= @ 0.028660
TP10= Free