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
