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

BITFINEX:DSHBTC   Dashcoin / Bitcoin
Technical analysis:
. DASHCOIN/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 46.
. The RSI downtrend and the price downtrend in the daily chart are 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 (0.019200 to 0.016700). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.019200)
Ending of entry zone (0.016700)

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= @ 0.021800
TP2= @ 0.023500
TP3= @ 0.026500
TP4= @ 0.028800
TP5= @ 0.033100
TP6= @ 0.043300
TP7= @ 0.059900
TP8= Free

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I learn everyday something new with you guys. Thank you for sharing such a valuable technical analysis with us.
+1 Reply
@fxniki, Thank you for your kind words and good luck for you
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