Technical analysis: . IOStoken/Bitcoin 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 51. . While the RSI downtrend is not broken, bearish wave in price would continue. . The price downtrend in the daily chart is 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 (0.00000190 to 0.00000165). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000190) Ending of entry zone (0.00000165)
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= @ 0.00000255 TP2= @ 0.00000295 TP3= @ 0.00000318 TP4= @ 0.00000356 TP5= @ 0.00000421 TP6= @ 0.00000486 TP7= @ 0.00000614 TP8= @ 0.00000769 TP9= @ 0.00089900 TP10= Free
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.