. KyberNetwork/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 39.
. While price downtrend in the is not broken, wave in price would continue.
. There is a possibility of temporary retracement to suggested (0.00006300 to 0.00005040). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00006300)
Ending of entry zone (0.00005040)
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= @ 0.00008680
TP2= @ 0.00010000
TP3= @ 0.00011750
TP4= @ 0.00013140
TP5= @ 0.00015900
TP6= @ 0.00018700
TP7= @ 0.00020600
TP8= @ 0.00023530
TP9= @ 0.00027380
TP10= @ 0.00033470
TP11= @ 0.00044000
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