ForecastCity
Long

There is a trading opportunity to buy in GNTETH

POLONIEX:GNTETH   Golem / Ethereum
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.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is 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 (0.00048100 to 0.00042600). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00048100)
Ending of entry zone (0.00042600)

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= @ 0.00056000
TP2= @ 0.00060080
TP3= @ 0.00063700
TP4= @ 0.00070920
TP5= @ 0.00079680
TP6= @ 0.00088390
TP7= @ 0.00100870
TP8= @ 0.00116800
TP9= @ 0.00140600
TP10= Free
http://www.ForecastCity.com

★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the ForecastCity.com
Just a quick question. Does a valley formed?
Reply
Thank you for your analysis and good luck.
Reply
@fxniki, You're welcom.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out