Technical analysis: . REDDCOIN/BITCOIN is in a downtrend 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 35. . The Falling Wedge taking shape and as a bullish pattern suggest we will soon see another leg higher if price break and close above downtrend.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000064 to 0.00000050). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000064) Ending of entry zone (0.00000050)
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= @ 0.00000074 TP2= @ 0.00000080 TP3= @ 0.00000084 TP4= @ 0.00000095 TP5= @ 0.00000106 TP6= @ 0.00000123 TP7= @ 0.00000145 TP8= @ 0.00000196 TP9= Free
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