A trading opportunity to buy in KNCUSDTechnical analysis:
. KYBERNETWORK/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 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. We have already opened 8 BUY trade(s) @ 0.96826459 based on 'a reversal candle (Valley)' entry method at 07.16.2018 in our suggested support zone (0.9608 to 0.7076).
Beginning of entry zone (0.9608)
Ending of entry zone (0.7076)
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= @ 1.1608
TP2= @ 1.4954
TP3= @ 1.8088
TP4= @ 2.4892
TP5= @ 3.0399
TP6= @ 3.5879
TP7= @ 5.3674
TP8= Free
