There is a possibility for the beginning of an uptrend in FCTBTCTechnical analysis:
. FACTOM/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00160000 to 0.00118000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00160000)
Ending of entry zone (0.00118000)
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= @ 0.00250000
TP2= @ 0.00301500
TP3= @ 0.00367400
TP4= @ 0.00440000
TP5= @ 0.00501000
TP6= @ 0.00574000
TP7= @ 0.00731000
TP8= Free
