There is a trading opportunity to buy in XEMBNB
Technical analysis:
. NEM/BINANCECOIN 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 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01050 to 0.00930). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01050)
Ending of entry zone (0.00930)
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= @ 0.01210
TP2= @ 0.01290
TP3= @ 0.01410
TP4= @ 0.01600
TP5= @ 0.01750
TP6= @ 0.02030
TP7= @ 0.02310
TP8= @ 0.02700
TP9= @ 0.03200
TP10= Free
. NEM/BINANCECOIN 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 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01050 to 0.00930). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01050)
Ending of entry zone (0.00930)
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= @ 0.01210
TP2= @ 0.01290
TP3= @ 0.01410
TP4= @ 0.01600
TP5= @ 0.01750
TP6= @ 0.02030
TP7= @ 0.02310
TP8= @ 0.02700
TP9= @ 0.03200
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
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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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