Technical analysis: . VERGE/Ethereum 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 80. The RSI 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 (0.00002350 to 0.00001920). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002350) Ending of entry zone (0.00001920)
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= @ 0.00003000 TP2= @ 0.00003500 TP3= @ 0.00004235 TP4= @ 0.00005080 TP5= @ 0.00005850 TP6= @ 0.00007160 TP7= @ 0.00008460 TP8= @ 0.00012690 TP9= Free