A trading opportunity to buy in XEMBNBTechnical analysis:
. NEM/BINANCECOIN 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 73.
Trade Setup:
. We opened 9 BUY trade(s) @ 0.01155 (day close price) based on a reversal candle ( Hammer ) at 11.18.2018
Beginning of entry zone (0.01070)
Ending of entry zone (0.00930)
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= @ 0.01320
TP2= @ 0.01410
TP3= @ 0.01600
TP4= @ 0.01750
TP5= @ 0.02030
TP6= @ 0.02310
TP7= @ 0.02700
TP8= @ 0.03200
TP9= Free
