ForecastCity

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

Long
BINANCE:EOSBNB   None
Technical analysis:
. EOS/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.4600 to 0.4220). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.4600)
Ending of entry zone (0.4220)

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:
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TP1= @ 0.5180
TP2= @ 0.5430
TP3= @ 0.5890
TP4= @ 0.6460
TP5= @ 0.7060
TP6= @ 0.7900
TP7= @ 0.9095
TP8= @ 1.0625
TP9= Free

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