ForecastCity

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

Long
POLONIEX:XEMBTC   NEM / Bitcoin
Technical analysis:
. NEM/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 45.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001757 to 0.00001635). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00001757)
Ending of entry zone (0.00001635)

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= @ 0.00002170
TP2= @ 0.00002430
TP3= @ 0.00002930
TP4= @ 0.00003600
TP5= @ 0.00005050
TP6= @ 0.00006220
TP7= @ 0.00007400
TP8= @ 0.00009075
TP9= @ 0.00011195
TP10= Free

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