There is a possibility for the beginning of an uptrend in NPXETHTechnical analysis:
. PUNDIX/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 43.
. 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 (0.00000450 to 0.00000409). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000450)
Ending of entry zone (0.00000409)
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= @ 0.00000494
TP2= @ 0.00000564
TP3= @ 0.00000633
TP4= @ 0.00000731
TP5= @ 0.00000856
TP6= @ 0.00001113
TP7= Free
Npxeth
There is a trading opportunity to buy in NPXETHTechnical analysis:
. PUNDIX/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 47.
. 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 (0.00000454 to 0.00000374). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000454)
Ending of entry zone (0.00000374)
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= @ 0.00000564
TP2= @ 0.00000639
TP3= @ 0.00000703
TP4= @ 0.00000848
TP5= @ 0.00001113
TP6= @ 0.00001293
TP7= Free
