Technical analysis: . SIACOIN/BITCOIN is in a downtrend 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 25. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000120 to 0.00000093). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000120) Ending of entry zone (0.00000093)
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= @ 0.00000157 TP2= @ 0.00000179 TP3= @ 0.00000207 TP4= @ 0.00000239 TP5= @ 0.00000264 TP6= @ 0.00000319 TP7= @ 0.00000393 TP8= @ 0.00000453 TP9= @ 0.00000745 TP10= Free
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.