ForecastCity
Panjang

A long-term trading opportunity to buy in XMRETH. Wait to hunt!

BITTREX:XMRETH   Monero / Ethereum
Technical analysis:
MONERO/ETHEREUM is in an Up Trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 70.

Trading suggestion:
The price is in an up trend and we forecast, the uptrend will continue.
But there is possibility of temporary retracement to suggested support zone (0.283 to 0.212), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.283)
Ending of entry zone (0.212)

Entry signal:
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:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 0.358
TP2= @ 0.435
TP3= @ 0.471
TP4= @ 0.512
TP5= @ 0.587
TP6= @ 0.623
TP7= @ 0.697
TP8 = Free

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http://www.ForecastCity.com

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Is this analysis still valid 2 months later? Is a good entry point still around .28?
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