ForecastCity
Long

There is possibility for the beginning of uptrend in GBYTEUSD

BITTREX:GBYTEUSD   Byteball / US Dollar (calculated by TradingView)
Technical analysis:
. BYTEBALL/DOLLAR 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 43.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (114.00 to 95.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (114.00)
Ending of entry zone (95.00)

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 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:

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Your TA is very great. Can you suggest me point for STOP LOSS on this trade?
+1 Reply
ForecastCity Koorosh_FX
@Koorosh_FX, For more information about our strategy especially on SLs (Stop loss), Visit our site and read our educational articles.
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