. ICON/ ETHEREUM is in a range bound and the Resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 49.
. The downtrend & The price downtrend in the are broken, so the probability of the resumption of an uptrend is increased.
. There is a possibility of temporary retracement to suggested (0.002910 to 0.002380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.002910)
Ending of entry zone (0.002380)
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:
TP1= @ 0.003400
TP2= @ 0.003730
TP3= @ 0.004440
TP4= @ 0.004940
TP5= @ 0.005920
TP6= @ 0.006900
TP7= @ 0.008290
TP8= @ 0.010070