There is a possibility for the beginning of an uptrend in ZILETHTechnical analysis:
. Zilliqa/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.
. The price downtrend in the daily chart and the RSI downtrend 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 (0.00013800 to 0.00012000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00013800)
Ending of entry zone (0.00012000)
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= @ 0.00015180
TP2= @ 0.00016060
TP3= @ 0.00016710
TP4= @ 0.00018000
TP5= @ 0.00019030
TP6= @ 0.00021300
TP7= @ 0.00028760
TP8= Free
