. Ontology/ Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The is at 55.
. While the downtrend and the price downtrend in the are not broken, wave in price would continue.
. There is a possibility of temporary retracement to suggested (0.00390 to 0.00330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00390)
Ending of entry zone (0.00330)
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:
TP1= @ 0.00450
TP2= @ 0.00500
TP3= @ 0.00597
TP4= @ 0.00680
TP5= @ 0.00763
TP6= @ 0.00897
TP7= @ 0.01030
TP8= @ 0.01463