Technical analysis: . IOSTOKEN/DOLLAR is in a range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion: . The price is in a range bound and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.0257 to 0.0208). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0257) Ending of entry zone (0.0208)
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 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= @ 0.0308 TP2= @ 0.0352 TP3= @ 0.0397 TP4= @ 0.0475 TP5= @ 0.0553 TP6= @ 0.0700 TP7= Free