There is a trading opportunity to buy in IOTABNBTechnical analysis:
. MIOTA/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05300 to 0.04100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05300)
Ending of entry zone (0.04100)
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= @ 0.06870
TP2= @ 0.07480
TP3= @ 0.08560
TP4= @ 0.09740
TP5= @ 0.11330
TP6= @ 0.13560
TP7= @ 0.15780
TP8= @ 0.18960
TP9= @ 0.23000
TP10= @ 0.48000
TP11= @ 0.96800
TP12= Free
