There is a trading opportunity to buy in AEETHTechnical analysis:
. Aeternity/Ethereum 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 46.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004840 to 0.004500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004840)
Ending of entry zone (0.004500)
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= @ 0.005400
TP2= @ 0.005570
TP3= @ 0.006160
TP4= @ 0.007000
TP5= @ 0.008070
TP6= @ 0.008680
TP7= Free
