A trading opportunity to buy in EDOETH


Technical analysis:
EIDOO/ETHEREUN is in an uptrend and the continuation of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 69.

Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.004580 to 0.004039). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.004580)
Ending of entry zone (0.004039)

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= @ 0.005043
TP2= @ 0.005829
TP3= @ 0.006309
TP4= @ 0.007510
TP5= Free

By admin