ForecastCity

A trading opportunity to buy in QTUMBNB

Long
BINANCE:QTUMBNB   None
Technical analysis:
. QTUM/BINANCECOIN 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 51.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.39500 to 0.32470). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.39500)
Ending of entry zone (0.32470)

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= @ 0.48070
TP2= @ 0.54410
TP3= @ 0.67870
TP4= @ 0.79280
TP5= @ 0.92970
TP6= @ 1.02900
TP7= @ 1.20550
TP8= @ 1.38640
TP9= @ 1.64630
TP10= Free
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