There is a possibility for the beginning of an uptrend in BCHETHTechnical analysis:
. BitcoinCash(ABC)/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.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.03900000 to 0.91109000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.03900000)
Ending of entry zone (0.91109000)
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= @ 1.19780000
TP2= @ 1.36010000
TP3= @ 1.53142000
TP4= @ 1.86488000
TP5= @ 2.00930000
TP6= @ 2.45582000
TP7= @ 2.92918000
TP8= @ 3.40601000
TP9= @ 4.08651000
TP10= @ 4.94872600
TP11= Free
Bchethereum
A trading opportunity to buy is near in BCHETHTechnical analysis:
. BITCOINCASH/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (1.71 to 1.62). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.71)
Ending of entry zone (1.62)
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= @ 1.90
TP2= @ 2.00
TP3= @ 2.23
TP4= @ 2.73
TP5= @ 3.23
TP6= @ 3.72
TP7= @ 5.30
TP8= Free
A trading opportunity to buy is near in BCHETHTechnical analysis:
. BITCOINCASH/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (1.71 to 1.62). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.71)
Ending of entry zone (1.62)
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= @ 1.90
TP2= @ 2.00
TP3= @ 2.23
TP4= @ 2.73
TP5= @ 3.23
TP6= @ 3.72
TP7= @ 5.30
TP8= Free
