ForecastCity
Long

There is a trading opportunity to buy in ETHBTC

BITFINEX:ETHBTC   Ethereum / Bitcoin
Midterm forecast:
While the price is above the support 0.02735, beginning of uptrend is expected.
We make sure when the resistance at 0.04175 breaks.
If the support at 0.02735 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 0.03955 on 02/24/2019, so more losses to support(s) 0.03300, 0.03070 and minimum to Major Support (0.02735) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 48.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.033000 to 0.030700). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.033000)
Ending of entry zone (0.030700)

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= @ 0.03730
TP2= @ 0.04175
TP3= @ 0.04400
TP4= @ 0.04850
TP5= @ 0.05410
TP6= @ 0.05840
TP7= @ 0.06650
TP8= @ 0.07200
TP9= @ 0.08020
TP10= @ 0.08560
TP11= @ 0.10000
TP12= @ 0.12150
TP13= @ 0.15150
TP14= Free
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Comments

Here is my Ethereum idea:
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@ForecastCity always enjoy your posts.
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ForecastCity Alexander_007
@Alexander_007, Glad you enjoyed it
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Good technical analysis. thanks for sharing it.
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@fxniki, Glad you enjoyed it.
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