. KOMODO/ ETHEREUM 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 is at 53.
. While the and the price downtrend in the are not broken, wave in price would continue.
. There is a possibility of temporary retracement to suggested (0.004940 to 0.004070). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004940)
Ending of entry zone (0.004070)
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:
TP1= @ 0.005660
TP2= @ 0.006200
TP3= @ 0.007140
TP4= @ 0.009770
TP5= @ 0.011890
TP6= @ 0.014000
TP7= @ 0.017000