There is a possibility for the beginning of an uptrend in MCOETHTechnical analysis:
. CRYPTO.COM/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. While the RSI downtrend 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 (0.020230 to 0.017320). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.020230)
Ending of entry zone (0.017320)
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= @ 0.025190
TP2= @ 0.029870
TP3= @ 0.026790
TP4= @ 0.043560
TP5= @ 0.065610
TP6= Free
MLong
