Technical 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