Technical analysis: . IOTA/US Dollar 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 45.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.2610 to 0.2045). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.2610) Ending of entry zone (0.2045)
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= @ 0.3340 TP2= @ 0.4015 TP3= @ 0.4535 TP4= @ 0.5260 TP5= @ 0.6105 TP6= @ 0.7920 TP7= @ 0.9265 TP8= @ 1.1550 TP9= @ 1.4475 TP10= @ 1.7435 TP11= @ 2.2170 TP12= @ 2.6930 TP13= @ 3.3680 TP14= @ 4.2300 TP15= Free