ForecastCity
Long

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

POLONIEX:GNTBTC   Golem / Bitcoin
Technical analysis:
. Golem/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 35.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001850 to 0.00001555). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00001850)
Ending of entry zone (0.00001555)

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= @ 0.00002250
TP2= @ 0.00002505
TP3= @ 0.00002955
TP4= @ 0.00003320
TP5= @ 0.00003750
TP6= @ 0.00004400
TP7= @ 0.00005280
TP8= @ 0.00006160
TP9= @ 0.00007400
TP10= @ 0.00009000
TP11= @ 0.00010440
TP12= @ 0.00016800
TP13= Free
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Comments

Good TA as always. thanks for sharing.
+1 Reply
@fxniki, You're welcome.
Reply
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