There is a possibility for the beginning of an uptrend in REQBTCTechnical analysis:
. RequestNetwork/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 67.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000780 to 0.00000640). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000780)
Ending of entry zone (0.00000640)
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= @ 0.00001020
TP2= @ 0.00001320
TP3= @ 0.00001600
TP4= @ 0.00001830
TP5= @ 0.00002040
TP6= @ 0.00003030
TP7= @ 0.00003830
TP8= @ 0.00004630
TP9= @ 0.00005770
TP10= @ 0.0000722
TP11= Free
