ForecastCity
Long

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

BINANCE:ZILBTC   Zilliqa / Bitcoin
There is a possibility for the beginning of an uptrend in ZILBTC
Technical analysis:
. ZILLIQA/BITCOIN 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 34.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000430 to 0.00000386). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00000430)
Ending of entry zone (0.00000386)

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= @ 0.00000510
TP2= @ 0.00000576
TP3= @ 0.00000680
TP4= @ 0.00000684
TP5= @ 0.00000684
TP6= @ 0.00000832
TP7= @ 0.00000960
TP8= @ 0.00001130
TP9= @ 0.00001370
TP10= 0.00001610
TP11= 0.00001955
TP12= 0.00002393
TP13= Free
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Comments

Thanks for the good TA.
Reply
@fxniki, You're welcome. what is your opinion about it?
Reply
fxniki ForecastCity
@ForecastCity, To be fair I haven’t even thought about the uptrend until I saw it here. and here we are the price just made a new valley and I suppose it has been already begun.
Reply
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