ForecastCity
Long

There is a trading opportunity to buy in GNTETH

POLONIEX:GNTETH   None
Technical analysis:
. GOLEM/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
. The RSI downtrend and 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 (0.00050000 to 0.00045000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00050000)
Ending of entry zone (0.00045000)

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= @ 0.00056800
TP2= @ 0.00060600
TP3= @ 0.00063700
TP4= @ 0.00071300
TP5= @ 0.00080000
TP6= @ 0.00088700
TP7= @ 0.00101100
TP8= @ 0.00073500
TP9= @ 0.00089900
TP10= Free
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