ForecastCity
Long

A trading opportunity to buy in QTUMETH.

BINANCE:QTUMETH   Qtum / Ethereum
Technical analysis:
. QTUM/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 price downtrend in the Daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.016700 to 0.013950). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.016700)
Ending of entry zone (0.013950)

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= @ 0.020200
TP2= @ 0.023570
TP3= @ 0.028240
TP4= @ 0.037080
TP5= @ 0.044220
TP6= @ 0.051400
TP7= @ 0.061560
TP8= @ 0.074510
TP9= Free
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