There is a trading opportunity to buy in MONABTCTechnical analysis:
. MONACOIN/BITCOIN 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 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00014400 to 0.00010200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00014400)
Ending of entry zone (0.00010200)
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= @ 0.00019450
TP2= @ 0.00021870
TP3= @ 0.00025680
TP4= @ 0.00030700
TP5= @ 0.00034550
TP6= @ 0.00041500
TP7= @ 0.00050240
TP8= @ 0.00063110
TP9= @ 0.00070000
TP10= @ 0.00089100
TP11= Free
