ForecastCity
Long

A trading opportunity to buy in Monero ...

POLONIEX:XMRBTC   Monero / Bitcoin
Technical analysis:
. MONERO/BITCOIN is in a downtrend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.

Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0210 to 0.0200). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0210)
Ending of entry zone (0.0200)

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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.0224
TP2= @ 0.0232
TP3= @ 0.0249
TP4= @ 0.0262
TP5= @ 0.0273
TP6= @ 0.0304
TP7= @ 0.0320
TP8= @ 0.0356
TP9= Free
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