ForecastCity
Long

Hunt this long-term Buy opportunity for IOTA / BTC..

BINANCE:IOTABTC   IOTA / Bitcoin
Technical analysis:
.IOTA is in Range bound but Beginning of uptrend is expected.
.In Daily chart , A hammer candlestick pattern is formed which is the first sign of the beginning a Bullish Trend .
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 42.

Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (0.00018 to 0.00013), if so, we would set orders based on Price Action and expect to reach short-term targets.

.Beginning of entry zone (0.00018)
.Ending of entry zone (0.00013)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 0.000237
TP2= @ 0.000292
TP3= @ 0.000321
TP4= @ 0.000473
TP5= @ Free
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