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

18 Okt 2018

Technical analysis:
. NEM/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 44.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001430 to 0.00001200). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00001430)
Ending of entry zone (0.00001200)

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= @ 0.00001780
TP2= @ 0.00002170
TP3= @ 0.00002430
TP4= @ 0.00002930
TP5= @ 0.00003880
TP6= @ 0.00004760
TP7= @ 0.00005400
TP8= @ 0.00006640
TP9= @ 0.00008610
TP10= @ 0.00009630
TP11= @ 0.00011880
TP12= Free