There is a possibility for the beginning of an uptrend in OSTBNBTechnical analysis:
. OST/BINANCECOIN 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 39.
. 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 (0.0042 to 0.0035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0042)
Ending of entry zone (0.0035)
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:
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TP2= @ 0.006310
TP3= @ 0.008040
TP4= @ 0.010230
TP5= @ 0.014110
TP6= @ 0.021310
TP7= @ 0.027160
TP8= @ 0.032980
TP9= @ 0.041280
TP10= @ 0.051840
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