ForecastCity

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

Long
BINANCE:ICXETH   ICON / Ethereum
Technical analysis:
. ICON/ 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 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 (0.002020 to 0.001770). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.002020)
Ending of entry zone (0.001770)

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= @ 0.002240
TP2= @ 0.002390
TP3= @ 0.002580
TP4= @ 0.002740
TP5= @ 0.003000
TP6= @ 0.003400
TP7= @ 0.003730
TP8= @ 0.004440
TP9= @ 0.004940
TP10= @ 0.005920
TP11= @ 0.006900
TP12= @ 0.008290
TP13= @ 0.010070
TP14= Free

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