Technical analysis:
. MonaCoin/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 52.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend 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 (0.00018600 to 0.00014000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00018600)
Ending of entry zone (0.00014000)

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:

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TP1= @ 0.00025680
TP2= @ 0.00030700
TP3= @ 0.00034550
TP4= @ 0.00041500
TP5= @ 0.00050240
TP6= @ 0.00063110
TP7= @ 0.00070000
TP8= @ 0.00089100
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