Technical analysis: . FUNFAIR/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 47. . The RSI downtrend 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 (0.00004590 to 0.00003950). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00004590) Ending of entry zone (0.00003950)
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= @ 0.00005430 TP2= @ 0.00006000 TP3= @ 0.00006630 TP4= @ 0.00007310 TP5= @ 0.00007720 TP6= @ 0.00008260 TP7= @ 0.00008740 TP8= @ 0.00011900 TP9= Free
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