There is a possibility of the beginning an uptrend in MAIDBTCTechnical analysis:
. MAIDSAFECOIN/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 27.
. 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 (0.0000330 to 0.0000250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000330)
Ending of entry zone (0.0000250)
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.
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TP2= @ 0.0000463
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TP4= @ 0.0000558
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TP7= @ 0.0000879
TP8= @ 0.0001019
TP9= @ 0.0001232
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