ForecastCity
Long

There is an opportunity to buy in IOTAETH

BINANCE:IOTAETH   MIOTA / Ethereum
Technical analysis:
. IOTA/ETHEREUM 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 46.
. While the RSI 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 (0.00206 to 0.00175). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00206)
Ending of entry zone (0.00175)

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= @ 0.00230
TP2= @ 0.00245
TP3= @ 0.00280
TP4= @ 0.00340
TP5= @ 0.00430
TP6= @ 0.00570
TP7= @ 0.00740
TP8= @ 0.01340
TP9= Free
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Great analysis so far, keep it up!
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