ForecastCity

There is a possibility for the beginning of an uptrend in SCETH

Long
BITTREX:SCETH   Siacoin / Ethereum
Technical analysis:
. SIACOIN/ETHEREUMis 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 35.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001780 to 0.00001607). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00001780)
Ending of entry zone (0.00001607)

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:
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TP1= @ 0.00002030
TP2= @ 0.00002210
TP3= @ 0.00002350
TP4= @ 0.00002510
TP5= @ 0.00002750
TP6= @ 0.00002995
TP7= @ 0.00003340
TP8= @ 0.00003780
TP9= @ 0.00004500
TP10= @ 0.00005680
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