There is a possibility for the beginning of an uptrend in ICNETHTechnical analysis:
. ICN/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 44.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.001600 to 0.001100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.001600)
Ending of entry zone (0.001100)
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= @ 0.002500
TP2= @ 0.003540
TP3= @ 0.004380
TP4= @ 0.005040
TP5= @ 0.006270
TP6= @ 0.007480
TP7= @ 0.009220
TP8= @ 0.011430
TP9= @ 0.00
TP10= Free
