Technical analysis: . Golem/Bitcoin 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 35. . While the RSI downtrend 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 (0.00001850 to 0.00001555). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001850) Ending of entry zone (0.00001555)
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= @ 0.00002250 TP2= @ 0.00002505 TP3= @ 0.00002955 TP4= @ 0.00003320 TP5= @ 0.00003750 TP6= @ 0.00004400 TP7= @ 0.00005280 TP8= @ 0.00006160 TP9= @ 0.00007400 TP10= @ 0.00009000 TP11= @ 0.00010440 TP12= @ 0.00016800 TP13= Free
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