There is a trading opportunity to buy 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 40.
. 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 (0.00000960 to 0.0000082). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000096)
Ending of entry zone (0.0000082)
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= @ 0.00001100
TP2= @ 0.00001250
TP3= @ 0.00001350
TP4= @ 0.00001485
TP5= @ 0.00001700
TP6= @ 0.00001900
TP7= @ 0.00002235
TP8= @ 0.00002565
TP9= @ 0.00003640
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 40.
. 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 (0.00000960 to 0.0000082). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000096)
Ending of entry zone (0.0000082)
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= @ 0.00001100
TP2= @ 0.00001250
TP3= @ 0.00001350
TP4= @ 0.00001485
TP5= @ 0.00001700
TP6= @ 0.00001900
TP7= @ 0.00002235
TP8= @ 0.00002565
TP9= @ 0.00003640
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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