There is a possibility for the beginning of an uptrend in MCOETHTechnical analysis:
. MONACO/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 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.018500 to 0.015200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.018500)
Ending of entry zone (0.015200)
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= @ 0.021430
TP2= @ 0.024520
TP3= @ 0.029900
TP4= @ 0.036750
TP5= @ 0.043570
TP6= @ 0.065670
TP7= Free
