ForecastCity
Long

There is a possibility for the beginning of an uptrend in MCOBTC

BINANCE:MCOBTC   Crypto.com / Bitcoin
Technical analysis:
. CRYPTO.COM/BITCOIN 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 64.
. While the RSI downtrend 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 (0.000660 to 0.000600). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000660)
Ending of entry zone (0.000600)

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= @ 0.000750
TP2= @ 0.000827
TP3= @ 0.000965
TP4= @ 0.001077
TP5= @ 0.001188
TP6= @ 0.001347
TP7= @ 0.001550
TP8= @ 0.001710
TP9= Free

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