There is a possibility for the beginning of an uptrend in OSTBNB
Technical analysis:
. OST/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 55.
. 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 (0.004700 to 0.003600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004700)
Ending of entry zone (0.003600)
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= @ 0.006310
TP2= @ 0.008040
TP3= @ 0.010230
TP4= @ 0.014110
TP5= @ 0.021310
TP6= @ 0.027160
TP7= @ 0.032980
TP8= @ 0.041280
TP9= @ 0.051840
TP10= Free
. OST/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 55.
. 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 (0.004700 to 0.003600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004700)
Ending of entry zone (0.003600)
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= @ 0.006310
TP2= @ 0.008040
TP3= @ 0.010230
TP4= @ 0.014110
TP5= @ 0.021310
TP6= @ 0.027160
TP7= @ 0.032980
TP8= @ 0.041280
TP9= @ 0.051840
TP10= Free
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🌟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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