A trading opportunity to buy in ARDRBTCTechnical analysis:
. ARDOR/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 48.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001700 to 0.00001430). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001700)
Ending of entry zone (0.00001430)
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= @ 0.00002120
TP2= @ 0.00002330
TP3= @ 0.00002640
TP4= @ 0.00003010
TP5= @ 0.00003300
TP6= @ 0.00003740
TP7= @ 0.00004600
TP8= @ 0.00006000
TP9= @ 0.00009000
TP10= @ 0.00012345
TP11= Free
