There is a trading opportunity to buy in XEMBNBTechnical analysis:
. NEM/BINANCECOIN 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 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01050 to 0.00930). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01050)
Ending of entry zone (0.00930)
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= @ 0.01210
TP2= @ 0.01290
TP3= @ 0.01410
TP4= @ 0.01600
TP5= @ 0.01750
TP6= @ 0.02030
TP7= @ 0.02310
TP8= @ 0.02700
TP9= @ 0.03200
TP10= Free
XLong
