We are going to be in the neutral zoneIt looks good to make a purchase in the $ 150 area because the price will get there soon and keep it up to the $ 290 area.
Bsvdollar
There is a possibility for the beginning of an uptrend in BSVUSDTechnical analysis:
. BITCOINSV/DOLLAR 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 73.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (74.5 to 68.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (74.5)
Ending of entry zone (68.0)
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:
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TP1= @ 81.7
TP2= @ 85.8
TP3= @ 94.9
TP4= @ 104.1
TP5= @ 117.1
TP6= @ 133.7
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