There is a possibility for the beginning of an uptrend in GRCETHTechnical analysis:
. Gridcoin/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 41.
. 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 (0.00000144 to 0.00000128). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000144)
Ending of entry zone (0.00000128)
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= @ 0.00000175
TP2= @ 0.00000200
TP3= @ 0.00000230
TP4= @ 0.00000283
TP5= @ 0.00000325
TP6= @ 0.00000384
TP7= @ 0.00000425
TP8= @ 0.00000477
TP9= @ 0.00000660
TP10= Free
Gridcoinbtc
A trading opportunity to buy in GridCoin ...Technical analysis:
. GRIDCOIN/BITCOIN is in a range bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Trading suggestion:
. The price is in a range bound, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000047 to 0.0000037). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000047)
Ending of entry zone (0.0000037)
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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000059
TP2= @ 0.0000066
TP3= @ 0.0000077
TP4= @ 0.0000090
TP5= @ 0.0000105
TP6= @ 0.0000119
TP7= @ 0.0000139
TP8= @ 0.0000189
TP9= @ 0.0000387
TP10= Free
