ForecastCity
Long

A good opportunity to buy in Monero, let's hunt it together

POLONIEX:XMRBTC   Monero / Bitcoin
Technical analysis:
. MONERO/BITCOIN is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0235 to 0.0224). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

. Beginning of entry zone (0.0235)
. Ending of entry zone (0.0224)

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= @ 0.0250
TP2= @ 0.0260
TP3= @ 0.0273
TP4= @ 0.0304
TP5= @ 0.0320
TP6= @ 0.0356
TP7= Free
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