There is a possibility for the beginning of an uptrend in ONTETHTechnical analysis:
. Ontology/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 55.
. 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 (0.00390 to 0.00330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00390)
Ending of entry zone (0.00330)
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= @ 0.00450
TP2= @ 0.00500
TP3= @ 0.00597
TP4= @ 0.00680
TP5= @ 0.00763
TP6= @ 0.00897
TP7= @ 0.01030
TP8= @ 0.01463
TP9= Free
Ontologyethereum
There is a trading opportunity to buy in ONTETHTechnical analysis:
. Ontology/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 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.006510 to 0.005730). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.006510)
Ending of entry zone (0.005730)
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= @ 0.007485
TP2= @ 0.008140
TP3= @ 0.008630
TP4= @ 0.009770
TP5= @ 0.013470
TP6= Free
There is a possibility for the beginning of an uptrend in ONTETHTechnical analysis:
. Ontology/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 34.
. 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 (0.006900 to 0.006300). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.006900)
Ending of entry zone (0.006300)
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= @ 0.007590
TP2= @ 0.008140
TP3= @ 0.008720
TP4= @ 0.009380
TP5= @ 0.010620
TP6= @ 0.012380
TP7= @ 0.014620
TP8= Free
