ForecastCity
Long

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

BITTREX:SCETH   Siacoin / Ethereum
Technical analysis:
. SIACOIN/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 RSI is at 46.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001760 to 0.00001620). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00001760)
Ending of entry zone (0.00001620)

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= @ 0.00001890
TP2= @ 0.00002080
TP3= @ 0.00002230
TP4= @ 0.00002370
TP5= @ 0.00002660
TP6= @ 0.00002860
TP7= @ 0.00002995
TP8= @ 0.00003640
TP9= @ 0.00004500
TP10= @ 0.00005680
TP11= Free
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Thank you for this perfect technical analysis and forecast. I think it will be one of the best results on my trade history.
Reply
@fxniki, You're welcome. Do you have any idea about it?
Reply
fxniki ForecastCity
@ForecastCity, I agree with you and I think a new uptrend will start soon.
Reply
@fxniki, Thanks.
Reply
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