There is a trading opportunity to buy in IOSTUSD
Technical analysis:
. Isimple/Dollar 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 47.
. While the RSI downtrend 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 (0.00610000 to 0.00360000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00610000)
Ending of entry zone (0.00360000)
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= @ 0.00980000
TP2= @ 0.01450000
TP3= @ 0.01930000
TP4= @ 0.02896000
TP5= @ 0.03680000
TP6= @ 0.04750000
TP7= @ 0.07000000
TP8= Free
. Isimple/Dollar 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 47.
. While the RSI downtrend 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 (0.00610000 to 0.00360000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00610000)
Ending of entry zone (0.00360000)
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= @ 0.00980000
TP2= @ 0.01450000
TP3= @ 0.01930000
TP4= @ 0.02896000
TP5= @ 0.03680000
TP6= @ 0.04750000
TP7= @ 0.07000000
TP8= Free
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.