ForecastCity

There is possibility for the resumption of uptrend in KNCETH

Long
BINANCE:KNCETH   Kyber Network / Ethereum
Technical analysis:
. KYBERNETWORK/ ETHEREUM is in a downtrend and resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.

Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.00233 to 0.00167). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

. Beginning of entry zone (0.00233)
. Ending of entry zone (0.00167)

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= @ 0.00280
TP2= @ 0.00321
TP3= @ 0.00416
TP4= @ 0.00472
TP5= @ 0.00715
TP6= Free
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