There is a possibility for the beginning of an uptrend in REPBNBTechnical analysis:
. AUGUR/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.380 to 1.200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.380)
Ending of entry zone (1.200)
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:
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TP2= @ 1.620
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TP4= @ 2.145
TP5= @ 2.385
TP6= @ 2.720
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