A trading opportunity to buy in RDNBTCTechnical analysis:
. RaidenNetworkToken/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 51.
. The price downtrend in the daily chart is 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 (0.00007220 to 0.00004720). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00007220)
Ending of entry zone (0.00004720)
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= @ 0.00011400
TP2= @ 0.00016800
TP3= @ 0.00021390
TP4= @ 0.00024160
TP5= @ 0.00030140
TP6= @ 0.00036170
TP7= @ 0.00044700
TP8= @ 0.00055610
TP9= Free
