ForecastCity

GBYTEUSD , The opportunity to buy is near. Keep your eye on it..

Long
BITTREX:GBYTEUSD   Bytes / US Dollar (calculated by TradingView)
Technical analysis:
BYTEBALL/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 40 .

Trading suggestion:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend would begin.
There is possibility of temporary retracement to suggested support zone (354 to 264), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (354)
Ending of entry zone (264)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 518
TP2= @ 643
TP3= @ 777
TP4= @ 895
TP5= @ 963
TP6= @ 1210
TP7= Free
Comment: The new Buy Zone & TPs for GBYTEUSD.

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