There is a trading opportunity to buy in MONABTCTechnical analysis:
. MONACOIN/BITCOIN 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 56.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00010900 to 0.00009000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00010900)
Ending of entry zone (0.00009000)
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= @ 0.00014500
TP2= @ 0.00017500
TP3= @ 0.00022000
TP4= @ 0.00027800
TP5= @ 0.00034600
TP6= @ 0.00039500
TP7= @ 0.00049000
TP8= @ 0.00058500
TP9= @ 0.00089000
TP10= Free
MLong



