There is a possibility for the beginning of an uptrend in GXSETHTechnical analysis:
. GXChain/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 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.005740 to 0.005360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.005740)
Ending of entry zone (0.005360)
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= @ 0.006380
TP2= @ 0.006880
TP3= @ 0.007200
TP4= @ 0.007800
TP5= @ 0.008300
TP6= @ 0.009800
TP7= @ 0.011800
TP8= Free
