A trading opportunity to buy in WTCBTCTechnical analysis:
Walton/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 42.
The RSI downtrend & The price downtrend in the daily chart are 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 (0.0004530 to 0.0002800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0004530)
Ending of entry zone (0.0002800)
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= @ 0.0006868
TP2= @ 0.0009590
TP3= @ 0.0011550
TP4= @ 0.0012768
TP5= @ 0.0016700
TP6= @ 0.0020900
TP7= @ 0.0025200
TP8= @ 0.0031150
TP9= @ 0.0038700
TP10= Free
Waltonbtc
There is a possibility for the beginning of uptrend in WTCBTC Technical analysis:
. WALTON/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 46.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.00100 to 0.00080). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00100)
Ending of entry zone (0.00080)
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= @ 0.00125
TP2= @ 0.00148
TP3= @ 0.00179
TP4= @ 0.00197
TP5= @ 0.00234
TP6= @ 0.00278
TP7= @ 0.00380
TP8= Free
