Technical analysis: . AirSwap/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 48. . While the price downtrend in the daily chart are not broken, bearish wave in price would continue. . The RSI downtrend 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 (0.00000558 to 0.00000383). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000558) Ending of entry zone (0.00000383)
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= @ 0.00000801 TP2= @ 0.00000892 TP3= @ 0.00001072 TP4= @ 0.00001277 TP5= @ 0.00001517 TP6= @ 0.00001830 TP7= @ 0.00002430 TP8= @ 0.00004033 TP9= @ 0.00006486 TP10= Free
I learn every day something valuable from following you guys. And I totally agree with your TA about the beginning of an uptrend in ASTBTC. Thanks guys
ForecastCity
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@fxniki, Thanks for your nice words and supporting us.