A trading opportunity to buy in XVGBTCTechnical analysis:
. VERGE/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 49.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the support zone (0.00000230 to 0.00000165), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00000230)
Ending of entry zone (0.00000165)
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= @ 0.00000325
TP2= @ 0.00000417
TP3= @ 0.00000480
TP4= @ 0.00000574
TP5= @ 0.00000700
TP6= @ 0.00000826
TP7= @ 0.00001005
TP8= @ 0.00001235
TP9= Free
