A great opportunity to buy in BCDETH Technical analysis:
. BITCOINDIAMOND/ETHEREUM 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 70.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.025 to 0.018). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.025)
Ending of entry zone (0.018)
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= @ 0.035
TP2= @ 0.042
TP3= @ 0.049
TP4= @ 0.062
TP5= @ 0.076
TP6= @ 0.104
TP7= @ 0.128
TP8= Free
