- BITCOINCASH/BITCOIN is in a range bound and Beginning of up trend is expected.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index ( ) is 38.
- While the price is above the support 0.0510, beginning of uptrend is expected.
- We make sure when the resistance at 0.1330 breaks.
- If the support at 0.0510 is broken, the short-term forecast -beginning of uptrend- will be invalid.
There is possibility of temporary retracement to suggested Buy Zone (0.1040 to 0.0645), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (0.1040)
- Ending of entry zone (0.0645)
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
TP1= @ 0.1170
TP2= @ 0.1330
TP3= @ 0.1480
TP4= @ 0.1610
TP5= @ 0.1769
TP6= @ 0.2010
TP7= @ 0.2185
TP8= @ 0.2440
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