Technical analysis: . AION/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 46.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.001050 to 0.000940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.001050) Ending of entry zone (0.000940)
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= @ 0.001240 TP2= @ 0.001410 TP3= @ 0.001590 TP4= @ 0.001815 TP5= @ 0.002240 TP6= @ 0.003170 TP7= @ 0.003930 TP8= @ 0.004690 TP9= @ 0.007140 TP10= Free
The price just entered the suggested support zone. it's a good TA. thanks for sharing
ForecastCity
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@fxniki, You're welcome. May I ask about your point of view for this pair?
fxniki
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@ForecastCity, I totally agree with your general expectations, such as the direction and targets that have been set. Just a few details I might say can be different in my trading. for instance about the entry point.