There is a possibility for the beginning of an uptrend in NXSBTC
Technical analysis:
. NEXUS/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00010600 to 0.00009900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00010600)
Ending of entry zone (0.00009900)
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= @ 0.00015900
TP2= @ 0.00018300
TP3= @ 0.00022100
TP4= @ 0.00027700
TP5= @ 0.00038700
TP6= @ 0.00047600
TP7= @ 0.00056600
TP8= @ 0.00069200
TP9= @ 0.00085400
TP10= Free
. NEXUS/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00010600 to 0.00009900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00010600)
Ending of entry zone (0.00009900)
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= @ 0.00015900
TP2= @ 0.00018300
TP3= @ 0.00022100
TP4= @ 0.00027700
TP5= @ 0.00038700
TP6= @ 0.00047600
TP7= @ 0.00056600
TP8= @ 0.00069200
TP9= @ 0.00085400
TP10= Free
High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
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FREE Telegram 👉 t.me/forecastcity_com
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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