Technical analysis: . MONERO/DOLLAR is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38
Trading suggestion: There is a possibility of temporary retracement to suggested support zone (196 to 153). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (196) . Ending of entry zone (153)
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 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= @ 230 TP2= @ 258 TP3= @ 298 TP4= @ 329 TP5= @ 378 TP6= @ 469 TP7= Free
@Alexander_007, Thanks for the information but I now see you are looking at AMPBTC on bittrex. I was looking at poloniex chart and its not a weak hammer:
Best_Forecast
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@jimo79, I checked in both exchanges! Hammer BODY is bearish in both and in your chart BODY is BEARISH!
Then based on @ForecastCity lessons it is a WEAK hammer!