There is a trading opportunity to buy in REPBNBTechnical analysis:
. AUGUR/BINANCECOIN 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 40.
. The price downtrend in the daily chart and the RSI downtrend are 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 (1.313 to 1.164). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.313)
Ending of entry zone (1.164)
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= @ 1.460
TP2= @ 1.600
TP3= @ 1.760
TP4= @ 1.900
TP5= @ 2.130
TP6= @ 2.375
TP7= @ 2.715
TP8= @ 3.150
TP9= Free
