ForecastCity
Long

There is a trading opportunity to buy in KMDETH

BINANCE:KMDETH   Komodo / Ethereum
Technical analysis:
. KOMODO/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 43.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00350 to 0.00290). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00350)
Ending of entry zone (0.00290)

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= @ 0.00444
TP2= @ 0.00514
TP3= @ 0.00595
TP4= @ 0.00685
TP5= @ 0.00775
TP6= @ 0.01086
TP7= @ 0.01336
TP8= @ 0.01587
TP9= Free
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Comments

Nice analysis as usual
+2 Reply
ForecastCity Alexander_007
@Alexander_007, Thanks.
+1 Reply
That's a valuable trading opportunity to buy in KMDETH that you released. Thanks
+1 Reply
@fxniki, You're welcome.
+1 Reply
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