Qtum / EthereumLong
There is a trading opportunity to buy in QTUMETH
Technical analysis:
. Qtum/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 58.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.021400)
Ending of entry zone (0.018100)
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= @ 0.012450
TP2= @ 0.014800
TP3= @ 0.017940
TP4= @ 0.021200
TP5= @ 0.024300
TP6= @ 0.033880
TP7= @ 0.041650
TP8= @ 0.049400
TP9= Free
. Qtum/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 58.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.021400 to 0.018100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.021400)
Ending of entry zone (0.018100)
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= @ 0.012450
TP2= @ 0.014800
TP3= @ 0.017940
TP4= @ 0.021200
TP5= @ 0.024300
TP6= @ 0.033880
TP7= @ 0.041650
TP8= @ 0.049400
TP9= Free
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