A trading opportunity to buy in GRCBTCTechnical analysis:
. Gridcoin/Bitcoin is in a downtrend 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 32.
. 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 (0.00000341 to 0.00000237). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000341)
Ending of entry zone (0.00000237)
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= @ 0.00000415
TP2= @ 0.00000480
TP3= @ 0.0000059
TP4= @ 0.0000066
TP5= @ 0.0000077
TP6= @ 0.0000090
TP7= @ 0.0000105
TP8= @ 0.0000119
TP9= @ 0.0000139
TP10= @ 0.0000189
TP11= Free
