A trading opportunity to buy in REPETHTechnical analysis:
. Augur/Ethereum is in a down trend 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.
. 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 (0.05579000 to 0.04900000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05579000)
Ending of entry zone (0.04900000)
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= @ 0.06768000
TP2= @ 0.07374000
TP3= @ 0.08000077
TP4= @ 0.08903000
TP5= @ 0.10139000
TP6= @ 0.11378000
TP7= @ 0.13143000
TP8= @ 0.15389000
TP9= Free
REPETH
There is a possibility for the beginning of an uptrend in REPETHTechnical analysis:
. AUGUR/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 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05776361 to 0.05223350). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05776361)
Ending of entry zone (0.05223350)
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= @ 0.06767831
TP2= @ 0.08000077
TP3= @ 0.09022341
TP4= @ 0.10032174
TP5= @ 0.11462851
TP6= @ 0.13282898
TP7= @ Free
