There is a possibility for the beginning of an uptrend in MTHBTC
Technical analysis:
. Monetha/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 45.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000280 to 0.00000212). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000280)
Ending of entry zone (0.00000212)
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= @ 0.00000380
TP2= @ 0.00000450
TP3= @ 0.00000544
TP4= @ 0.00000720
TP5= @ 0.00001106
TP6= @ 0.00001660
TP7= @ 0.00002100
TP8= Free
. Monetha/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 45.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000280 to 0.00000212). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000280)
Ending of entry zone (0.00000212)
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:
TP1= @ 0.00000380
TP2= @ 0.00000450
TP3= @ 0.00000544
TP4= @ 0.00000720
TP5= @ 0.00001106
TP6= @ 0.00001660
TP7= @ 0.00002100
TP8= Free