ForecastCity

A trading opportunity to buy in IOTABTC

Long
BINANCE:IOTABTC   IOTA / Bitcoin
Technical analysis:
. IOTA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00007300 to 0.00006415). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00007300)
Ending of entry zone (0.00006415)

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= @ 0.00008020
TP2= @ 0.00008540
TP3= @ 0.00009380
TP4= @ 0.00011050
TP5= @ 0.00012950
TP6= @ 0.00014060
TP7= @ 0.00016480
TP8= @ 0.00018910
TP9= @ 0.00026760
TP10= @ 0.00031200
TP11= Free

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