A trading opportunity to buy in SNTBTCTechnical analysis:
. StatusNetworkToken/Bitcoin 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 45.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. 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 (0.00000545 to 0.00000460). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000545)
Ending of entry zone (0.00000460)
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= @ 0.00000646
TP2= @ 0.00000710
TP3= @ 0.00000880
TP4= @ 0.00001040
TP5= @ 0.00001400
TP6= @ 0.00001685
TP7= @ 0.00001980
TP8= @ 0.00002380
TP9= @ 0.00002900
TP10= @ 0.00003740
TP11= Free
