Technical analysis: . ETP/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 34. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.03182 to 0.02924). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.03182) Ending of entry zone (0.02924)
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= @ 0.034943 TP2= @ 0.037824 TP3= @ 0.040771 TP4= @ 0.044862 TP5= @ 0.050730 TP6= @ 0.063500 TP7= @ 0.088800 TP8= @ 0.109300 TP9= @ 0.129800 TP10= Free
Thanks to you for publishing such a grate trading opportunity to buy in ETPETH.
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.