There is a possibility for the beginning of an uptrend in SCETH
Technical analysis:
. Siacoin/Ethereum 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 46.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002400 to 0.00002230). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002400)
Ending of entry zone (0.00002230)
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= @ 0.00002570
TP2= @ 0.00002710
TP3= @ 0.00002840
TP4= @ 0.00003000
TP5= @ 0.00003160
TP6= @ 0.00003640
TP7= @ 0.00004120
TP8= @ 0.00004800
TP9= @ 0.00005680
TP10= Free
. Siacoin/Ethereum 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 46.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002400 to 0.00002230). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002400)
Ending of entry zone (0.00002230)
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= @ 0.00002570
TP2= @ 0.00002710
TP3= @ 0.00002840
TP4= @ 0.00003000
TP5= @ 0.00003160
TP6= @ 0.00003640
TP7= @ 0.00004120
TP8= @ 0.00004800
TP9= @ 0.00005680
TP10= Free
High Accurate AI-Generated forecasts for:
🌟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
🌟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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.