Komodo would probably resume its uptrend again...Technical analysis:
KOMODO/BITCOIN is in a range bound and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.000326 to 0.000278), if so , traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.000326)
Ending of entry zone (0.000278)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00040
TP2= @ 0.00045
TP3= @ 0.00052
TP4= @ 0.00059
TP5= @ 0.00066
TP6= @ 0.00088
TP7= Free
