Technical analysis: . BITCOINDARK/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 71. . The RSI downtrend & The price downtrend in the daily chart are 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 (0.00736080 to 0.00559310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00736080) Ending of entry zone (0.00559310)
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= @ 0.01109300 TP2= @ 0.01310700 TP3= @ 0.01473000 TP4= @ 0.01662300 TP5= @ 0.02108900 TP6= @ 0.02556000 TP7= @ 0.03191500 TP8= @ 0.04001800 TP9= Free
@cardan6006, Thank you for your comments.
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I like your detailed analysis, very much. Thank you for this and your time, offering us all this.