ForecastCity
Long

A trading opportunity to buy in IOSTBTC

BINANCE:IOSTBTC   IOST / Bitcoin
Technical analysis:
. IOSTOKEN/BITCOIN is in a downtrend 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 45.
. The RSI downtrend #1 & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.

Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000036 to 0.0000031). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0000036)
Ending of entry zone (0.0000031)

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 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= @ 0.00000408
TP2= @ 0.00000477
TP3= @ 0.00000518
TP4= @ 0.00000568
TP5= @ 0.00000616
TP6= @ 0.00000703
TP7= @ 0.00000763
TP8= Free
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