Technical analysis:
. STORJ/ETHEREUM 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 37.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
There is a possibility of temporary retracement to suggested Buy Zone (0.00123 to 0.00094). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00123)
Ending of entry zone (0.00094)
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:
Hammer Candlestick Pattern Definition
Take Profits:
TP1= @ 0.00150
TP2= @ 0.00180
TP3= @ 0.00213
TP4= @ 0.00287
TP5= @ 0.00347
TP6= @ 0.00407
TP7= Free
Chart by ForecastCity
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