ForecastCity
Long

There is a possibility for the beginning of an uptrend in GNTBTC

POLONIEX:GNTBTC   Golem / Bitcoin
Technical analysis:
. GOLEM/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 46.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue.
. 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 (0.00002000 to 0.00001500). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00002000)
Ending of entry zone (0.00001500)

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= @ 0.00002700
TP2= @ 0.00003250
TP3= @ 0.00003750
TP4= @ 0.00004570
TP5= @ 0.00005420
TP6= @ 0.00006260
TP7= @ 0.00007470
TP8= @ 0.00009000
TP9= @ 0.00010440
TP10= @ 0.00016800
TP11= Free
Sep 18
Comment: Technical analysis:
. GOLEM/BTCON 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 46.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Sep 18
Comment: Technical analysis:
. GOLEM/BITCOIN 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 46.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
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Nice!
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@fxniki, Thanks!
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