ForecastCity
Long

There is a possibility for the beginning of an uptrend in ASTBTC

BINANCE:ASTBTC   AirSwap / Bitcoin
Technical analysis:
. AirSwap/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.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000540 to 0.00000383). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00000540)
Ending of entry zone (0.00000383)

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= @ 0.00000675
TP2= @ 0.00000801
TP3= @ 0.00000892
TP4= @ 0.00001072
TP5= @ 0.00001277
TP6= @ 0.00001517
TP7= @ 0.00001830
TP8= @ 0.00002430
TP9= @ 0.00004033
TP10= Free
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Great analysis buddy
+1 Reply
ForecastCity Forecast_Crypto
Reply
I agree with your idea about the possibility for the beginning of an uptrend in ASTBTC.
+1 Reply
@fxniki, Thanks for your comment.
+1 Reply
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