XMR/BTC - Descending Wedge Pattern ReversalBINANCE:XMRBTC
A nice little example of a textbook descending wedge pattern reversal on the 1h chart here with Monero. Over the last few days I thought it might be a little triple top but given the fact that it's bounced off the 0.008200 area of resistance several times while slowly starting to make slightly higher lows, I'm putting my cards on a descending wedge.
On top of that being the technical side seen through the chart, the fundamental side of Monero potentially hitting a little bit of a rally here is due to it's inherent privacy and decentralization aspects. The whole crypto community is in the spotlight recently with regards to rules and regulations, Libra, governments trying to "ban" bitcoin, and so on. Without a doubt some of this news is hitting the ears of people on the outside who want to get in so naturally with Monero's privacy factors this could lead to an increase of interest and thus further confirming the technical indicators.
Waiting for more of a confirmation of the breakout would see a person buying in at slightly above the 8200 sat resistance level. With a stop around the 7800 area. And a take profit around the 8600 or even the 8500 level to be a bit more conservative.
In summary:
XMR/BTC descending wedge forming - indicators being the shape of the trend itself as well as the uptrend RSI divergence
Confirmation Buy Area: ~0.008200
Stop-Loss: ~0.007800
Take-Profit: ~0.008500 - 0.008600
Possible Time-Frame: 1-4 days
Big round numbers for ease of explanation and those would be my conservative numbers.
This is not financial advice and this is my first attempt at publishing something. Any feedback would be highly appreciated!
Cheers.
Monerobitcoin
XMR MoneroSlowly but surely Monero is coming back. Weekly volumes turning good.
Don't think about fast gains in XMR but it's a Safe Long invest.
Buy now 12900ish or little less.
First Sell 14000ish.
if break up Second sell 16000ish.
Big resistance 17500ish.
Stop Loss 12400.
And as Always follow BTC trend.
Happy Tr4Ding !
XMRBTC Risk/Reward 6:1This is an excellent trade to take up right now, the price range will soon breakout upwards.
OBV indicator has already broken upwards.
XMR is the most private asset in the world.
Be safe
A trading opportunity to buy in XMRBTCMidterm forecast:
While the price is above the support 0.01185, beginning of uptrend is expected.
We make sure when the resistance at 0.01395 breaks.
If the support at 0.01185 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 0.01347 on 03/16/2019, so more losses to support(s) 0.01255 and minimum to Major Support (0.01185) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 57.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01255000 to 0.01185000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01255000)
Ending of entry zone (0.01185000)
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= @ 0.01580
TP2= @ 0.01710
TP3= @ 0.01900
TP4= @ 0.02040
TP5= @ 0.02300
TP6= @ 0.02565
TP7= @ 0.03420
TP8= Free
There is a possibility for the beginning of an uptrend in XMRBTCMidterm forecast:
While the price is above the support 0.01185, beginning of uptrend is expected.
We make sure when the resistance at 0.01395 breaks.
If the support at 0.01185 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01255000 to 0.01185000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01255000)
Ending of entry zone (0.01185000)
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= @ 0.01395
TP2= @ 0.01580
TP3= @ 0.01710
TP4= @ 0.01900
TP5= @ 0.02040
TP6= @ 0.02300
TP7= @ 0.02565
TP8= @ 0.03420
TP9= Free
Daily Bullish Signal $XMR #XMR (3 March 2019)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
XMR consolidating before retest of highs! XMR continues to consolidate on strong support and possible move higher before fork in March looking more and more likely
Thanks guys!
A trading opportunity to buy in XMRBTCTechnical analysis:
. Monero/Bitcoin 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 49.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01279700 to 0.01210440). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01279700)
Ending of entry zone (0.01210440)
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= @ 0.01388900
TP2= @ 0.01479200
TP3= @ 0.01552700
TP4= @ 0.01632840
TP5= @ 0.01753490
TP6= @ 0.01922380
TP7= @ 0.02157680
TP8= @ 0.02393000
TP9= @ 0.02574855
TP10= @ 0.03152420
TP11= Free
Megalodon Pro Automated Trader - Monero - Short Term Bull Megalodon Pro Automated Trader is giving short term buy signals(orange) on hourly time frame.
----------------------------------------------------------------------------
We believe that enlightening others is an incredible way to make this world a better place. That's why we created the tools you need to stop worrying about your investments and focus on what really matters in your life.
What is Megalodon ?
Megalodon uses Artificial Intelligence that combines 574 back-tested indicators and 2674 back-tested setups, simultaneously.
Megalodon works with any kind of asset , market state and time frame .
What is the win rate?
Megalodon is extremely accurate and offers insane profits as long as the fundamental analysis is done right .
Backtesting results can be found on our social media or down below .
How to use Megalodon Pro Automated Trader?
Simply, orange rectangles are buy signals and purple rectangles are sell signals .
Green clouds show buy signals and red clouds show sell signals.
Yellow line shows the difference between buy and sell counts.
How to set alarms on Megalodon Pro Automated Trader?
Click on Alert, select Megalodon Pro Automated Trader and click on Buy-Signal or Sell-Signal. More details can be found on our social media.
You may also watch our Megalodon Investing Tutorials on Youtube for more information.
How to purchase?
Megalodon is totally FREE .
You may upgrade to Megalodon Pro for the most important features , including automizing your trading on any asset profitably, setting up alarms to get notified , joining to our VIP telegram channel to learn and our VIP telegram group to interact with the community. Simply go to our website on our TradingView page for learning more and joining us for free.
Some of the backtesting results are:
BTC/USD for longer time frame trading in the bear market for the last year.
APPLE for longer time frame trading in the bull market for the last 10 years.
EURO/USD for day trading in the neutral market for the last month.
BTC/USD for day trading in the bull market for the last 15 days.
APPLE for day trading in the neutral market for the last 2 days and 6 hours.
MONERO : XMR Moving in the Channel Zone !!You can LONG , SHORT as Channel Formations.
Trade Carefully !!
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
XMR having trouble at POCXMR has continued its uptrend nicely on the back of news that its transaction costs dropping down to basically zero, which puts some heat on ZEC.
EMAs have started to turn up and could very well crossover if we can get above this supply zone. Volume has returned somewhat but on this spike up, we got stopped right at the top of the sell block so closing above here could spur another rise in price.
Thanks guys
A trading opportunity to buy in XMRBTCTechnical analysis:
. MONERO/BITCOIN 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 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0160 to 0.0151). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0160)
Ending of entry zone (0.0151)
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= @ 0.0172
TP2= @ 0.0180
TP3= @ 0.0191
TP4= @ 0.0211
TP5= @ 0.0220
TP6= @ 0.0232
TP7= @ 0.0249
TP8= @ 0.0262
TP9= @ 0.0296
TP10= @ 0.0320
TP11= @ 0.0341
TP12= Free
A trading opportunity to buy in XMRBTCTechnical analysis:
. MONERO/BITCOIN 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 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0160 to 0.0151). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0160)
Ending of entry zone (0.0151)
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= @ 0.0172
TP2= @ 0.0180
TP3= @ 0.0191
TP4= @ 0.0211
TP5= @ 0.0220
TP6= @ 0.0232
TP7= @ 0.0249
TP8= @ 0.0262
TP9= @ 0.0296
TP10= @ 0.0320
TP11= @ 0.0341
TP12= Free
There is a possibility for the beginning of an uptrend in XMRBTCTechnical analysis:
. MONERO/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 62.
. The RSI downtrend & The price downtrend in the daily chart are 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 (0.0153 to 0.0141). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0153)
Ending of entry zone (0.0141)
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= @ 0.0167
TP2= @ 0.0180
TP3= @ 0.0191
TP4= @ 0.0200
TP5= @ 0.0211
TP6= @ 0.0220
TP7= @ 0.0232
TP8= @ 0.0249
TP9= @ 0.0262
TP10= @ 0.0273
TP11= @ 0.0304
TP12= @ 0.0320
TP13= Free
There is a possibility for the beginning of an uptrend in XMRBTCTechnical analysis:
. MONERO/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 62.
. The RSI downtrend & The price downtrend in the daily chart are 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 (0.0153 to 0.0141). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0153)
Ending of entry zone (0.0141)
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= @ 0.0167
TP2= @ 0.0180
TP3= @ 0.0191
TP4= @ 0.0200
TP5= @ 0.0211
TP6= @ 0.0220
TP7= @ 0.0232
TP8= @ 0.0249
TP9= @ 0.0262
TP10= @ 0.0273
TP11= @ 0.0304
TP12= @ 0.0320
TP13= Free
Monero - Week Sale Target(I'm new just learning)
Sale target for this week for Monero. This comes from a bull trend similar to the one in July.
Comments Welcome.
MONERO: INVESTMENT GROUP PREDICTS 38,381% GAIN -PROFIT = 44.83%!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 44.83% PROFIT!!!
The increase in price may also be explained by positive developments including:
June 1: MoneroVision.com , a brand-new open-source Monero block explorer is released.
June 2: CoinGrocer.com , an online store selling 21k + Natural, Organic, Gourmet and Specialty Products is released and accepts Monero.
June 5: Monero CLI v0.12.2.0 "Lithium Luna", which includes full support for the Nano Ledger (cold storage cryptocurrency wallet).
June 6: The Waves Platform adds support for Monero. This allows users to deposit, store, trade and withdraw Monero.
June 7: Huobi lists Monero.
June 22: Edge Wallet adds support for Monero.
June 26: Ivan on Tech interviews Riccardo Spagni (aka fluffypony)
June 28: Trezor announces Monero integration.
July 2: Nanex cryptocurrency exchange lists Monero.
July 3: BitBay (cryptocurrency exchange) lists Monero.
July 12: Monero CLI 0.12.3.0 "Lithium Luna" released
July 13: Abra -5.88% CEO notes "Abra enables purchases of bitcoin, ether, litecoin, digibyte, monero and more using your Visa or Mastercard in over 50 countries"
July 17: Kudelski Security audits their Monero's Bulletproof's integration and notes that "only a few minor issues that are trivial to correct, and no major issues."
August 9: Ledger Nano S adds support for Monero.
August 31: Monero (XMR) Price Surges After Receiving Quantitative Prediction of $39,584. Monero has also been the subject of a very bold and optimistic prediction by ICO advisors Satis Group. The team have analyzed various coins and have predicted that Monero will grow 38,391% in the next ten years
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
MONERO: MARKET RECOVERY & LEDGER ADDS SUPPORT - PROFIT = 23.17%!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of July 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 23.17% PROFIT!!!
The increase in price may also be explained by positive developments including:
June 1: MoneroVision.com , a brand-new open-source Monero block explorer is released.
June 2: CoinGrocer.com , an online store selling 21k + Natural, Organic, Gourmet and Specialty Products is released and accepts Monero.
June 5: Monero CLI v0.12.2.0 "Lithium Luna", which includes full support for the Nano -2.13% 1.29% Ledger (cold storage cryptocurrency wallet).
June 6: The Waves Platform adds support for Monero. This allows users to deposit, store, trade and withdraw Monero.
June 7: Huobi lists Monero.
June 22: Edge Wallet adds support for Monero.
June 26: Ivan on Tech interviews Riccardo Spagni ( aka 1.55% . fluffypony)
June 28: Trezor announces Monero integration.
July 2: Nanex cryptocurrency exchange lists Monero.
July 3: BitBay (cryptocurrency exchange) lists Monero.
July 12: Monero CLI 0.12.3.0 "Lithium Luna" released
July 13: Abra CEO 1.24% notes "Abra enables purchases of bitcoin -3.83% , ether, litecoin, digibyte, monero and more using your Visa or Mastercard in over 50 countries"
July 17: Kudelski Security audits their Monero's Bulletproof's integration and notes that "only a few minor issues that are trivial to correct, and no major issues."
(NEW) August 9: Ledger Nano S adds support for Monero.
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
There is a possibility for the beginning of an uptrend in XMRBTCTechnical analysis:
. MONERO/BITCOIN is in a downtrend 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 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0157 to 0.0147). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0157)
Ending of entry zone (0.0147)
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= @ 0.0180
TP2= @ 0.0191
TP3= @ 0.0200
TP4= @ 0.0211
TP5= @ 0.0220
TP6= @ 0.0232
TP7= @ 0.0249
TP8= @ 0.0262
TP9= @ 0.0273
TP10= @ 0.0304
TP11= @ 0.0320
TP12= Free
There is a possibility for the beginning of an uptrend in XMRBTCTechnical analysis:
. MONERO/BITCOIN is in a downtrend 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 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0157 to 0.0147). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0157)
Ending of entry zone (0.0147)
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= @ 0.0180
TP2= @ 0.0191
TP3= @ 0.0200
TP4= @ 0.0211
TP5= @ 0.0220
TP6= @ 0.0232
TP7= @ 0.0249
TP8= @ 0.0262
TP9= @ 0.0273
TP10= @ 0.0304
TP11= @ 0.0320
TP12= Free
$XMR #MONERO - THE FLAG - at the end of a downtrendHello Lads and Ladies,
As promised, there is at least one TA per day here and today we are looking into XMRBTC - one hell of a clear picture.
To beginn with, we take a look at the previous structure, that was a very strong uptrend that XMRBTC was following after it hit a very strong support at 0.011 this uptrend continued all the way up to 0.034 which was basically a 3x gain.
Logically, we saw a pretty nice crash after it, breaking the uptrend obviously.
After the crash to the 50% fibs retracement, XMRBTC went sideways for quite a while after which it retested the very strong resistance at 0.030. It got rejected there and started a new, very well respected downtrend. This downtrend continued as expected towards the 61.8% fibs line at 0.021, where it was about to break out but this was exactly when the whole market was taking a sweet bloodbath, so very unfortunately this downtrend continued heading towards the 76.8% fibs line at 0.016.
A very remarkable aspect is that this downtrend is VERY steep so the charts naturally narrows when it is approaching the end of the downtrend. You can see this "phenomenon" even better when you look at all white lines indicated in the chart, which are forming a very clear FLAG. This type of flag is normally a very bullish sign and as soon at it is finding support and breaks the downtrend, the breakout is remarkable and humungous.
Since XMRBTC was supposed to change the trend at the 61.8% fibs line, it seems to be changing it at 78.6%. The first big move will be to the 61.8% fibs line, where it will show, if this trend would have been reversing or not, when it ws supposed to do so, but failed due to the whole market. At this point we will either XMRBTC continuing the uptrend towards the 0.030 line OR reading back down to the very crucial support at 0.0116.
Right now, I am very bullish on, especially with many other coins XMRBTC forming right now a bigger double bottom, I see it definitely breaking the harsh downtrend and continuing past the 61.8% fibs line.
Nevertheless, I will watch it closely and would expect it to go down to at least the 78.6% fibs line and see what it is doing there.
I would suggest getting a big bag of XMRBTC at UNDER 0.0175 to 0.016 - lets see what happens.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
MONERO: BULLETPROOF AUDIT & MARKET RECOVERY - PROFIT = 10.56% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of July 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 10.56% PROFIT!!!
The increase in price may also be explained by positive developments including:
June 1: MoneroVision.com , a brand-new open-source Monero block explorer is released.
June 2: CoinGrocer.com , an online store selling 21k + Natural, Organic, Gourmet and Specialty Products is released and accepts Monero.
June 5: Monero CLI v0.12.2.0 "Lithium Luna", which includes full support for the Nano 1.29% Ledger (cold storage cryptocurrency wallet).
June 6: The Waves Platform adds support for Monero. This allows users to deposit, store, trade and withdraw Monero.
June 7: Huobi lists Monero.
June 22: Edge Wallet adds support for Monero.
June 26: Ivan on Tech interviews Riccardo Spagni (aka. fluffypony)
June 28: Trezor announces Monero integration.
July 2: Nanex cryptocurrency exchange lists Monero.
July 3: BitBay (cryptocurrency exchange) lists Monero.
July 12: Monero CLI 0.12.3.0 "Lithium Luna" released
July 13: Abra CEO notes "Abra enables purchases of bitcoin, ether, litecoin, digibyte, monero and more using your Visa or Mastercard in over 50 countries"
July 17: Kudelski Security audits their Monero's Bulletproof's integration and notes that "only a few minor issues that are trivial to correct, and no major issues."
The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
A trading opportunity to buy in XMRBTCTechnical analysis:
. MONERO/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0181 to 0.0170). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0181)
Ending of entry zone (0.0170)
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= @ 0.0200
TP2= @ 0.0211
TP3= @ 0.0224
TP4= @ 0.0232
TP5= @ 0.0249
TP6= @ 0.0262
TP7= @ 0.0273
TP8= @ 0.0304
TP9= @ 0.0320
TP10= Free
