Technical analysis: . SYSCOIN/DOLLAR 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 40. . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (0.3234 to 0.2439). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.3234) Ending of entry zone (0.2439)
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= @ 0.3779 TP2= @ 0.4159 TP3= @ 0.4647 TP4= @ 0.5408 TP5= @ 0.6329 TP6= @ 0.7247 TP7= @ 1.0226 TP8= Free
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