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

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

NEM / Bitcoin POLONIEX:XEMBTC


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 41.

Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is a possibility of temporary retracement to suggested support zone (0.0000390 to 0.0000287). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (0.0000390)
Ending of entry zone (0.0000287)

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 special version of our “Price Action” strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.0000476
TP2= @ 0.0000578
TP3= @ 0.0000700
TP4= @ 0.0000828
TP5= @ 0.0000957
TP6= @ 0.0001370
TP7= Free