There is a possibility for the beginning of an uptrend in WTCUSDTechnical analysis:
. WALTON/DOLLAR 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 54.
. 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 (3.067200 to 1.817900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (3.067200)
Ending of entry zone (1.817900)
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= @ 5.105280
TP2= @ 6.346210
TP3= @ 7.934270
TP4= @ 10.052800
TP5= @ 11.698000
TP6= @ 14.732200
TP7= @ 17.794500
TP8= @ 22.121000
TP9= @ 27.661900
TP10= @ 42.177100
TP11= Free
Waltonchainusd
A trading opportunity to buy in WTCUSDTechnical analysis:
. WALTONCHAIN/DOLLAR is in a range bound and the resumption of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 49.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. We have already opened 11 BUY trade(s) @ 7.120839 based on 'a reversal candle (Valley)' entry method at 07.16.2018 in our suggested support zone (6.3864 to 4.4910).
Beginning of entry zone (6.3864)
Ending of entry zone (4.4910)
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= @ 8.87
TP2= @ 10.17
TP3= @ 11.62
TP4= @ 13.25
TP5= @ 18.90
TP6= @ 23.86
TP7= @ 28.19
TP8= @ 34.35
TP9= @ 41.18
TP10= @ 46.60
TP11= Free
