Technical analysis: . Bancor/Bitcoin 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 53.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00015100 to 0.00013800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00015100) Ending of entry zone (0.00013800)
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= @ 0.00018700 TP2= @ 0.00019500 TP3= @ 0.00021900 TP4= @ 0.00023500 TP5= @ 0.00027000 TP6= @ 0.00030050 TP7= @ 0.00035350 TP8= @ 0.00048170 TP9= @ 0.00057770 TP10= @ 0.00071100 TP11 = @ 0.00100500 TP12 = Free
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