A trading opportunity to buy in SNMETHTechnical analysis:
. SONM/ETHEREUM 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 44.
. While price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00021100 to 0.00018600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00021100)
Ending of entry zone (0.00018600)
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= @ 0.00024330
TP2= @ 0.00026230
TP3= @ 0.00028850
TP4= @ 0.00031430
TP5= @ 0.00033540
TP6= @ 0.00037990
TP7= @ 0.00043360
TP8= @ 0.00051320
TP9= @ 0.00059250
TP10= @ 0.00070580
TP11= @ 0.00085000
TP12= Free
