There is a possibility for the beginning of an uptrend in REPBTCTechnical analysis:
. AUGUR/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.
. 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 (0.00194870 to 0.00157260). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00194870)
Ending of entry zone (0.00157260)
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= @ 0.00301760
TP2= @ 0.00348630
TP3= @ 0.00411590
TP4= @ 0.00461120
TP5= @ 0.00570000
TP6= @ 0.00654000
TP7= @ 0.00810000
TP8= @ 0.00966000
TP9= @ 0.01470000
TP10= Free
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