TECHNICAL CLASS of trading Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
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REC technical analysis on Wave theory1)Completed Elliott wave (Total 08 waves. 5 Impluse & 3 corrective ) since 2012 to Nov 2018
2)In Bigger time frame Impluse wave have completed (05waves).
3)Now present in corrective mode. "A" corrective wave has completed & B wave seems has been completed but it may touched to be 61.8 of wave A. now Wave C is peding towards downword. it may 61.8%,100%.1.618% of wave B.
4)REC was consolidated from 2002 to 2012 than its has a big breakout and reched form 5 rs to 58 rs.
5)Lower side target to be 30
Note: this is only educationla purpose
There is a possibility of the beginning an uptrend in CHATBTCTechnical analysis:
. CHATCOIN/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 60.
. The RSI downtrend & The price downtrend in the daily chart 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 (0.00000303 to 0.00000237). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000303)
Ending of entry zone (0.00000237)
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= @ 0.00000411
TP2= @ 0.00000490
TP3= @ 0.00000696
TP4= @ 0.00000848
TP5= @ 0.00001000
TP6= @ 0.00001287
TP7= @ 0.00001510
TP8= @ 0.00001919
TP9= @ 0.00002327
TP10= @ 0.00002908
TP11= @ 0.00003646
TP12= Free
A trading opportunity to buy in CHATETHTechnical analysis:
. CHATCOIN/ETHEREUM is in the uptrend and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
. While the RSI uptrend in the Daily chart is not broken, Bullish wave in price would continue .
. The price downtrend in the daily chart is 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 (0.00009260 to 0.00006940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00009260)
Ending of entry zone (0.00006940)
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= @ 0.000120
TP2= @ 0.000139
TP3= @ 0.000155
TP4= @ 0.000168
TP5= @ 0.000206
TP6= @ 0.000244
TP7= @ 0.000299
TP8= @ 0.000369
TP9= Free