ForecastCity
Long

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

BINANCE:XVGETH   Verge / Ethereum
Technical analysis:
. VERGE/ 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 RSI is at 56.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001620 to 0.00001290). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00001620)
Ending of entry zone (0.00001290)

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 the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00002240
TP2= @ 0.00003000
TP3= @ 0.00003500
TP4= @ 0.00004235
TP5= @ 0.00005080
TP6= @ 0.00005850
TP7= @ 0.00007160
TP8= @ 0.00008460
TP9= @ 0.00012690
TP10= Free
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Comments

Perfect work, very deep analysis, thanks
+2 Reply
ForecastCity DaweFXHunter
@DaweFXHunter, You're welcome. and thanks for your nice comment on it.
+1 Reply
I agree with your idea about the beginning of an uptrend in XVGETH.
+1 Reply
@fxniki, Thanks for sharing your point of view about this post.
+1 Reply
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