There is a possibility for the beginning of an uptrend in GNTUSDTechnical analysis:
. GOLEM/DOLLAR 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 49.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.147 to 0.114). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.147)
Ending of entry zone (0.114)
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= @ 0.2755
TP2= @ 0.3755
TP3= @ 0.4565
TP4= @ 0.6530
TP5= @ 0.8000
TP6= @ 1.1000
TP7= Free
Golemusd
A trading opportunity to buy in GNTUSDTechnical analysis:
. GOLEM/DOLLAR 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.
. While the RSI 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 (0.27 to 0.18). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.27)
Ending of entry zone (0.18)
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= @ 0.36
TP2= @ 0.40
TP3= @ 0.50
TP4= @ 0.58
TP5= @ 0.65
TP6= @ 0.76
TP7= @ 0.90
TP8= @ 1.38
TP9= Free
There is a possibility for the Resumption of uptrend in GolemTechnical analysis:
. GOLEM/DOLLAR is in a Range Bound and Resumption 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:
There is a possibility of temporary retracement to suggested support zone (0.54 to 0.45). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.54)
. Ending of entry zone (0.45)
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= @ 0.67
TP2= @ 0.90
TP3= @ 1.38
TP4= Free
