A trading opportunity to buy in WTCBTCTechnical analysis:
. Walton/Binance Coin 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 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.3000 to 0.2100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.3000)
Ending of entry zone (0.2100)
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= @ 0.4478
TP2= @ 0.5798
TP3= @ 0.6737
TP4= @ 0.9318
TP5= @ 1.3771
TP6= @ 1.7408
TP7= @ 2.1013
TP8= @ 2.6185
TP9= @ 3.2748
TP10= @ 4.6552
TP11= Free
