There is a possibility for the beginning of an uptrend in BTGETHTechnical analysis:
. BITCOINGOLD/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.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.109290 to 0.089890). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.109290)
Ending of entry zone (0.089890)
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= @ 0.130420
TP2= @ 0.149380
TP3= @ 0.173670
TP4= @ 0.240830
TP5= @ 0.380120
TP6= @ 0.599320
TP7= @ 1.059250
TP8= Free
Bitcoingoldethereum
There is a possibility for the beginning of an uptrend in BTGETHTechnical analysis:
. BITCOINGOLD/ETHEREUM 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 48.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05810 to 0.05160). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05810)
Ending of entry zone (0.05160)
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= @ 0.0675
TP2= @ 0.0730
TP3= @ 0.0902
TP4= @ 0.1012
TP5= @ 0.1201
TP6= @ 0.1498
TP7= @ 0.1760
TP8= @ 0.2404
TP9= Free
