Monero , A great sell trading opportunity in XMRBTC. catch it..!
Technical analysis:
.MONERO/BITCOIN is in a range bound and Resumption of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 50.
Trading suggestion:
Price is in the Buy Zone (0.0272 to 0.0242), we would set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.0272)
.Ending of entry zone (0.0242)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks
Take Profits:
TP1= @ 0.0304
TP2= @ 0.0320
TP3= @ 0.0356
TP4= Free
.MONERO/BITCOIN is in a range bound and Resumption of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 50.
Trading suggestion:
Price is in the Buy Zone (0.0272 to 0.0242), we would set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.0272)
.Ending of entry zone (0.0242)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks
Take Profits:
TP1= @ 0.0304
TP2= @ 0.0320
TP3= @ 0.0356
TP4= Free
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🌟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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