A trading opportunity to buy in PPCBTCTechnical analysis:
. Nano/Ethereum 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 30.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.006400 to 0.005740). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.006400)
Ending of entry zone (0.005740)
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= @ 0.007360
TP2= @ 0.007900
TP3= @ 0.008830
TP4= @ 0.009760
TP5= @ 0.010390
TP6= @ 0.010960
TP7= @ 0.011720
TP8= @ 0.013660
TP9= Free
Nanoethereum
There is a probability for resumption of the uptrend in NANOETHTechnical analysis:
. NANO/ETHEREUM is in a range bound and the resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trade Setup:
We opened 8 BUY trade(s) @ 0.008663 (day close price) based on a reversal candle ( Valley ) at 11.20.2018 .
Beginning of entry zone (0.007880)
Ending of entry zone (0.007360)
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= @ 0.009510
TP2= @ 0.010390
TP3= @ 0.010960
TP4= @ 0.011720
TP5= @ 0.013660
TP6= @ 0.016430
TP7= @ 0.019970
TP8= Free
There is a probability of resuming the uptrend in NANOETHTechnical analysis:
. NANO/ETHEREUM is in a range bound and the resumption of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
. While the RSI support line and the price support zone in the Daily chart are not broken, Bullish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.010041 to 0.008938). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.010041)
Ending of entry zone (0.008938)
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:
Trade Setup:
We opened 7 BUY trade(s) @ 0.010674 based on ' 2-Day Hammer ' entry method at 09.06.2018.
Take Profits:
TP1= @ 0.011500
TP2= @ 0.012660
TP3= @ 0.013485
TP4= @ 0.014110
TP5= @ 0.016336
TP6= @ 0.019970
TP7= Free
