💡Don't miss the great buy opportunity in EDOBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00000994).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Eidoo/Bitcoin 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 65.
Take Profits:
TP1= @ 0.00001310
TP2= @ 0.00001550
TP3= @ 0.00001870
TP4= @ 0.00002310
TP5= @ 0.00002950
SL= Break below S2
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Eidoobitcoin
A trading opportunity to buy in EDOBTCTechnical analysis:
. EIDOO/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 62.
. 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 (0.0001162 to 0.0000968). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0001162)
Ending of entry zone (0.0000968)
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= @ 0.0001479
TP2= @ 0.0001801
TP3= @ 0.0002058
TP4= @ 0.0002316
TP5= @ 0.0002681
TP6= @ 0.0003149
TP7= Free
