A trading opportunity to buy in REPETHTechnical analysis:
. Augur/Ethereum is in a down trend 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 40.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05579000 to 0.04900000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05579000)
Ending of entry zone (0.04900000)
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= @ 0.06768000
TP2= @ 0.07374000
TP3= @ 0.08000077
TP4= @ 0.08903000
TP5= @ 0.10139000
TP6= @ 0.11378000
TP7= @ 0.13143000
TP8= @ 0.15389000
TP9= Free
