. NEM/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 37.
. While the and the price downtrend in the are not broken, wave in price would continue.
. There is a possibility of temporary retracement to suggested (0.00001490 to 0.00001200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001490)
Ending of entry zone (0.00001200)
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:
TP1= @ 0.00002170
TP2= @ 0.00002430
TP3= @ 0.00002930
TP4= @ 0.00003880
TP5= @ 0.00004760
TP6= @ 0.00005400
TP7= @ 0.00006640
TP8= @ 0.00008610
TP9= @ 0.00009630
TP10= @ 0.00011880
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