ForecastCity

A trading opportunity to buy in BCNXMR

Long
POLONIEX:BCNXMR   None
Technical analysis:
. Bytecoin/Monero 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 48.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001355 to 0.00001145). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00001355)
Ending of entry zone (0.00001145)

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= @ 0.00001600
TP2= @ 0.00001700
TP3= @ 0.00002000
TP4= @ 0.00002230
TP5= @ 0.00002580
TP6= @ 0.00003470
TP7= @ 0.00004185
TP8= @ 0.00004900
TP9= @ 0.00005900
TP10= @ 0.00007220
TP11= Free

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