There is a trading opportunity to buy in ETCBTCTechnical analysis:
. ETHEREUMCLASSIC/BITCOIN is in a range bound and beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.00233 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00233)
Ending of entry zone (0.00182)
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= @ 0.00282
TP2= @ 0.00324
TP3= @ 0.00350
TP4= @ 0.00470
TP5= @ 0.00560
TP6= @ 0.00820
TP7= @ 0.00951
TP8= Free
