A trading opportunity to buy in CHATETHTechnical analysis:
. CHATCOIN/ETHEREUM is in the uptrend and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
. While the RSI uptrend in the Daily chart is not broken, Bullish wave in price would continue .
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00009260 to 0.00006940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00009260)
Ending of entry zone (0.00006940)
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= @ 0.000120
TP2= @ 0.000139
TP3= @ 0.000155
TP4= @ 0.000168
TP5= @ 0.000206
TP6= @ 0.000244
TP7= @ 0.000299
TP8= @ 0.000369
TP9= Free
