There is a trading opportunity to buy in IOSTETHTechnical analysis:
. IOST/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 38.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003930 to 0.00003600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003930)
Ending of entry zone (0.00003600)
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= @ 0.00004660
TP2= @ 0.00005140
TP3= @ 0.00005360
TP4= @ 0.00006150
TP5= @ 0.00006970
TP6= @ 0.00007780
TP7= @ 0.00008940
TP8= @ 0.00010420
TP9= Free
