There is a trading opportunity to buy in AEETHTechnical analysis:
. AETERNITY/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 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.003160 to 0.002850). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.003160)
Ending of entry zone (0.002850)
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= @ 0.003630
TP2= @ 0.003840
TP3= @ 0.004240
TP4= @ 0.004670
TP5= @ 0.005360
TP6= @ 0.006040
TP7= @ 0.007020
TP8= Free
ETH
There is a possibility for the beginning of an uptrend in ARKETHTechnical analysis:
ARK/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 58.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.003128 to 0.002725). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.003128)
Ending of entry zone (0.002725)
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= @ 0.003664
TP2= @ 0.004209
TP3= @ 0.004965
TP4= @ 0.005706
TP5= @ 0.006905
TP6= @ 0.008110
TP7= @ 0.009816
TP8= @ 0.011988
TP9= Free
There is a possibility for the beginning of an uptrend in ZENETHTechnical analysis:
. HORIZEN/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 62.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.03790 to 0.03320). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.03790)
Ending of entry zone (0.03320)
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= @ 0.04420
TP2= @ 0.05170
TP3= @ 0.05780
TP4= @ 0.06390
TP5= @ 0.07260
TP6= @ 0.08360
TP7= Free
There is a trading opportunity to buy in WAXETHTechnical analysis:
. WorldwideAssetExchange/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 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00028120 to 0.00024130). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00028120)
Ending of entry zone (0.00024130)
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= @ 0.00032480
TP2= @ 0.00034110
TP3= @ 0.00036050
TP4= @ 0.00040340
TP5= @ 0.00045320
TP6= @ 0.00050300
TP7= @ 0.00057460
TP8= @ 0.00066510
TP9= Free
SELL BITCOIN TODAY ..Buy lower than 3000Sell the rallies till one huge exchange goes like we're hacked lol
A second Chance to Buy in IOTAETH ...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. Relative strength index ( RSI ) is 48.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.002331). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.002331).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 10 BUY trade(s) @ 0.00177632 based on 'Valley' entry method at 08.17.2018.
Total Profit: 617865 pip
Closed trade(s): 263840 Profit
Open trade(s): 354025 Profit
Closed Profit:
TP1 @ 0.00186 touched at 08.19.2018 with 8368 Profit.
TP2 @ 0.00203 touched at 08.26.2018 with 25368 Profit.
TP3 @ 0.00230 touched at 08.27.2018 with 52368 Profit.
TP4 @ 0.00245 touched at 08.28.2018 with 67368 Profit.
TP5 @ 0.00288 touched at 09.09.2018 with 110368 Profit.
8368 + 25368 + 52368 + 67368 + 110368 = 263840
Open Profit:
Profit for one trade is 0.00248437 (current price) - 0.00177632 (open price) = 70805 pip
5 trade(s) still open, therefore total profit for open trade(s) is 70805 x 5 = 354025 pip
All SLs moved to Break-even point.
Take Profit:
TP6= 0.00335
TP7= 0.00430
TP8= 0.00570
TP9= 0.00744
TP10= Free
ETH Bearish vs Bullish playThere is a lot of zigzags and choppy price action in crypto for the last couple of weeks. In general it says that we are in corrective territory. The main question is were are we going first, base on 4H chart. This is my first public post, so please be mercy to me in my comment section.
Have a profitable play, cheers.
E1
Etherem Latest Daily Chart Analysis - Crypto Bhaiethereum has recently hit the bottom around 84 usd. and bounced back frrom 84 to 160 usd. now
resistance of ETH/USD is at 160 USD Approax.
and 2nd resistance of ethereum is almost at 180$
ethereum can easily go upto 180 USD in 10-15 days as the news of ethereum is huge regarding hardfork
DYOR before taking any posiiions as always
Ethereum Long-Term ViewEthereum
Overview
Ethereum(ETH) has suffered about 94+% correction(drop) since the all the time high-level point($1425) reached in January’18.
One key point to note that its following similar trend/pattern to Bitcoin of upward and downward movement in the market.
Let's analyze price action for Ethereum (ETH/USD) over the long term and proceed to highlight any potential areas of support and resistance moving forward.
Long-Term Analysis (Monthly Timeframe)
Scenario 1: Bullish (Uptrend)
If the Monthly candle (December) closes above $102 price level with strong buy volume then we might see the price the testing the "Resistance(Sell) Zone 1" ranging from $199-$278 within few weeks/months.
If it manages to close above "Resistance(Sell) Zone 1" then it will retest "Resistance(Sell) Zone 2" ranging from $407-$521 within few months.
Few other factors in confluence with the bullish scenario:
1) Stochastic RSI is in the Oversold Region (its a region where asset price is likely to rebound or bounce).
2) Selling Volume (red bars at the bottom of the chart) is declining i.e. sellers are getting exhausted.
Scenario 2: Bearish (Downtrend)
If the Monthly candle (December) closes below $102 price level with strong sell volume then we might see the price testing the "Support (Buy) Zone 1" ranging from $47-$60 within few weeks/months.
If that support zone(1) doesn't hold up (no buying pressure) then we might see "Support (Buy) Zone 2" ranging from $11-$15 which is not a healthy sign.
Factors in confluence with Bearish Scenario
Support Zone 2 ranging from $11-$15 is the High of the previous resistance zone of September 2016.
Scenario 3: Ranging Scenario
Ethereum did range between price levels $173-$248 for 3 months (September-November'18) before making a major move downtrend to $80's price level.
There are permutations and combinations you can apply between different zones (Resistance and Support) on the chart to form Ranging Zones.
These are areas where major market participants (Institutional Investors) accumulate before a big change in direction of the price.
Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors.
Short-Term Analysis (Daily and Weekly)
Scenario 1: Bullish (Uptrend)
If Ethereum closes above $115 in weekly time frame then we might restest "Resistance Zone 1" ranging from $156-$184.This zone will be difficult to break or surpass since it could have acted strong support but couldn't. Hence, it will require greater buying pressure(interest) to go through this zone.
If it manages to break with large buy volume then chances of next bull cycle happening is likely.
We get the confirmation of next bull cycle happening only when it breaks the "Resistance Zone 2" ranging from $360-$400.
Scenario 2: Bearish (Downtrend)
If Ethereum weekly candle closes below $83 price level then there are two Bounce(rebound) zones namely Support Buy Zone 1 ranging from $40-56 and Support Buy Zone 2 ranging from $11-15 in coming weeks and months for potential Bullish reversal.
News and event analysis:
There are few development news(catalyst) coming in the month of January,19 like Constantinople mainnet hard fork is scheduled for block #7080000, estimated around the 16th of January, 2019. Constantinople features changes designed to increase the platform’s efficiency, alter its economic policy and delay the so-called “difficulty bomb,” a piece of code meant to encourage the network to alter its core consensus algorithm(Proof of work) to Proof of Stake algorithm.
Secondly, There is an Ethereum Nowa(ETN) fork.
What is ETN? ETN is the abbreviation of Ethereum Nowa, and also the blockchain assets and currency code of Ethereum.
What is the fork time? January 12, 2019
Each ETH holder receives ETN in the ratio of 1:1 for free.
Conclusion:
Ethereum remains in 3rd position, in terms of overall market cap rankings along with Bitcoin and Ripple.
The 40-month-old coin is now experiencing its first bear market and has already corrected enough(94% down) to commence its new bull cycle in coming weeks/months.
Overall cryptocurrencies are seeing a lot more green(price surge) over the past couple of days and there are speculations that the crypto winter might be over as buyers are returning.
Utility(real use cases) of any crypto asset will eventually become a key point for the growth in the cryptocurrency industry.
A trading opportunity to buy in STRATETHTechnical analysis:
STRATIS/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 51.
Trading suggestion:
Price is in the support zone (0.00645044 to 0.00514806), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00645044)
Ending of entry zone (0.00514806)
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= @ 0.00764948
TP2= @ 0.00842357
TP3= @ 0.00924571
TP4= @ 0.00924571
TP5= @ 0.00924571
TP6= @ 0.00924571
TP7= @ 0.01816825
TP8= @ 0.02191863
TP9= Free
A trading opportunity to buy in EDOETHTechnical analysis:
EIDOO/ETHEREUN is in an uptrend and the continuation of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 69.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.004580 to 0.004039). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004580)
Ending of entry zone (0.004039)
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= @ 0.005043
TP2= @ 0.005829
TP3= @ 0.006309
TP4= @ 0.007510
TP5= Free
A second Chance to Buy TRXETH ...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. Relative strength index ( RSI ) is 50.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.00010430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00010430).
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 :
Trade Setup:
We opened 7 BUY trade(s) @ 0.00007474 based on '2-Day Hammer' entry method at 08.23.2018.
Total Profit: 20792 pip
Closed trade(s): 10604 Profit
Open trade(s): 10188 Profit
Closed Profit:
TP1 @ 0.000084 touched at 08.26.2018 with 926 Profit.
TP2 @ 0.000094 touched at 08.28.2018 with 1926 Profit.
TP3 @ 0.000104 touched at 09.21.2018 with 2926 Profit.
TP4 @ 0.000123 touched at 10.08.2018 with 4826 Profit.
926 + 1926 + 2926 + 4826 = 10604
Open Profit:
Profit for one trade is 0.00010870 (current price) - 0.00007474 (open price) = 3396
3 trade(s) still open, therefore total profit for open trade(s) is 3396 x 3 = 10188
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.000145
TP6= @ 0.000319
TP7= Free
A trading opportunity to buy in WAVESETHTechnical analysis:
. WAVES/ETHEREUM is in a range bound and the resumption of the uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.009121 to 0.007944). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.009121)
Ending of entry zone (0.007944)
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= @ 0.010244
TP2= @ 0.011041
TP3= @ 0.011669
TP4= @ 0.012590
TP5= @ 0.013967
TP6= Free
There is a possibility for the beginning of an uptrend in REPETHTechnical analysis:
. AUGUR/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 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05776361 to 0.05223350). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05776361)
Ending of entry zone (0.05223350)
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= @ 0.06767831
TP2= @ 0.08000077
TP3= @ 0.09022341
TP4= @ 0.10032174
TP5= @ 0.11462851
TP6= @ 0.13282898
TP7= @ Free
There is a possibility for the beginning of an uptrend in NASETHTechnical analysis:
. Nebulas/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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.006100 to 0.005600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.006100)
Ending of entry zone (0.005600)
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= @ 0.006890
TP2= @ 0.007140
TP3= @ 0.007680
TP4= @ 0.008200
TP5= @ 0.009800
TP6= Free
There is a possibility for the beginning of an uptrend in KNCETHTechnical analysis:
. KyberNetwork/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 46.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0014300 to 0.0012800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0014300)
Ending of entry zone (0.0012800)
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= @ 0.0017200
TP2= @ 0.0018500
TP3= @ 0.0020730
TP4= @ 0.0022500
TP5= @ 0.0026100
TP6= @ 0.0028500
TP7= @ 0.0032100
TP8= @ 0.0038200
TP9= @ 0.0045100
TP10= @ 0.0053910
TP11= Free
A trading opportunity to buy in ADAETHTechnical analysis:
. CARDANO/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 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00032800 to 0.00030900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00032800)
Ending of entry zone (0.00030900)
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= @ 0.00036800
TP2= @ 0.00039000
TP3= @ 0.00043000
TP4= @ 0.00050500
TP5= @ 0.00054200
TP6= @ 0.00071900
TP7= Free
A second Chance to Buy in BNBETH...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index (RSI) is 45.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.0345). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.0345).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons:
New Take Profits:
TP1= @ 0.03450
TP2= @ 0.03951
TP3= @ 0.04200
TP4= @ 0.04550
TP5= @ 0.04940
TP6= @0.05175
TP7= Free
Trade Setup:
We opened 5 BUY trade(s) @ 0.027570 based on 'Valley' entry method at 07.25.2018.
Total Profit: 27991 pip
Closed trade(s): 11250 Profit
Open trade(s): 16741 Profit
Closed Profit:
TP1 @ 0.02669 touched with 0 Profit.
TP2 @ 0.02871 touched at 07.26.2018 with 1140 Profit.
TP3 @ 0.03075 touched at 07.28.2018 with 3180 Profit.
TP4 @ 0.03450 touched at 07.28.2018 with 6930 Profit.
0 + 1140 + 3180 + 6930 = 11250
Open Profit:
Profit for one trade is 0.044311 (current price) - 0.027570 (open price) = 16741
1 trade(s) still open, therefore total profit for open trade(s) is 16741 x 1 = 16741
All SLs moved to Break-even point.
There is a possibility for the beginning of an uptrend in GXSETHTechnical analysis:
. GXChain/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 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.005740 to 0.005360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.005740)
Ending of entry zone (0.005360)
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= @ 0.006380
TP2= @ 0.006880
TP3= @ 0.007200
TP4= @ 0.007800
TP5= @ 0.008300
TP6= @ 0.009800
TP7= @ 0.011800
TP8= Free
There is a possibility for the beginning of an uptrend in ONTETHTechnical analysis:
. Ontology/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 34.
. 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 (0.006900 to 0.006300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.006900)
Ending of entry zone (0.006300)
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= @ 0.007590
TP2= @ 0.008140
TP3= @ 0.008720
TP4= @ 0.009380
TP5= @ 0.010620
TP6= @ 0.012380
TP7= @ 0.014620
TP8= Free
There is a trading opportunity to buy in AEETHTechnical analysis:
. Aeternity/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 46.
. The RSI downtrend and 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 (0.004840 to 0.004500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004840)
Ending of entry zone (0.004500)
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= @ 0.005400
TP2= @ 0.005570
TP3= @ 0.006160
TP4= @ 0.007000
TP5= @ 0.008070
TP6= @ 0.008680
TP7= Free
