ForecastCity
Long

A trading opportunity to buy in ETPETH

BITFINEX:ETPETH   ETP / Ethereum
Technical analysis:
. ETP/ETHEREUM 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 52.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0037000 to 0.0025000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0037000)
Ending of entry zone (0.0025000)

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= @ 0.0050000
TP2= @ 0.0064500
TP3= @ 0.0095500
TP4= @ 0.0125000
TP5= @ 0.0137000
TP6= @ 0.0180000
TP7= @ 0.0200000
TP8= @ Free
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