A trading opportunity to buy in DOGEBTCTechnical analysis:
. DOGECOIN/BITCOIN is in a downtrend 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 42.
. 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 (0.000000363 to 0.000000350). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000000363)
Ending of entry zone (0.000000350)
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= @ 0.000000385
TP2= @ 0.000000412
TP3= @ 0.000000450
TP4= @ 0.000000482
TP5= @ 0.000000540
TP6= @ 0.000000656
TP7= @ 0.000000751
TP8= @ 0.000000921
TP9= @ 0.000001075
TP10= Free
