ForecastCity
Long

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

BINANCE:CMTETH   CyberMiles / Ethereum
Technical analysis:
. CYBERMILES/Ethereum 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 40.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00019000 to 0.00016400). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00019000)
Ending of entry zone (0.00016400)

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= @ 0.00022600
TP2= @ 0.00025200
TP3= @ 0.00026700
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TP6= @ 0.00061400
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I was wondering about the stop loss. Aren't we suppose to use it?
+1 Reply
@fxniki, Sure we do. No loss guarantee and stop loss in Trend Hunter Strategy. to read more about it please visit the page down below:
https://www.forecastcity.com/en/node/488
Reply
Good technical analysis. I agree with you that the beginning of an uptrend in CMTETH should be expected.
+1 Reply
@fxniki, You're welcome.
+1 Reply
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