A trading opportunity to buy in THETAETHTechnical analysis:
. ThetaToken/Ethereum 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 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00050 to 0.00044). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00050)
Ending of entry zone (0.00044)
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= @ 0.000600
TP2= @ 0.000657
TP3= @ 0.000814
TP4= @ 0.000941
TP5= @ 0.001067
TP6= Free
