There is a probability for resumption of the uptrend in NANOETH
Technical analysis:
. NANO/ETHEREUM is in a range bound and the resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trade Setup:
We opened 8 BUY trade(s) @ 0.008663 (day close price) based on a reversal candle ( Valley ) at 11.20.2018 .
Beginning of entry zone (0.007880)
Ending of entry zone (0.007360)
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= @ 0.009510
TP2= @ 0.010390
TP3= @ 0.010960
TP4= @ 0.011720
TP5= @ 0.013660
TP6= @ 0.016430
TP7= @ 0.019970
TP8= Free
. NANO/ETHEREUM is in a range bound and the resumption of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trade Setup:
We opened 8 BUY trade(s) @ 0.008663 (day close price) based on a reversal candle ( Valley ) at 11.20.2018 .
Beginning of entry zone (0.007880)
Ending of entry zone (0.007360)
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= @ 0.009510
TP2= @ 0.010390
TP3= @ 0.010960
TP4= @ 0.011720
TP5= @ 0.013660
TP6= @ 0.016430
TP7= @ 0.019970
TP8= Free
High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
🌟175 Cryptos
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🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
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FREE Telegram 👉 t.me/forecastcity_com
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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