Technical analysis: . AETERNITY/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 42.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.003160 to 0.002850). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.003160) Ending of entry zone (0.002850)
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= @ 0.003630 TP2= @ 0.003840 TP3= @ 0.004240 TP4= @ 0.004670 TP5= @ 0.005360 TP6= @ 0.006040 TP7= @ 0.007020 TP8= Free
Just was wondering about the stop loss. Aren't we suppose to use it?
ForecastCity
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@fxniki, Sure we do. No loss guarantee and stop loss in Trend Hunter Strategy. to read more about it please visit the page down below:
forecastcity.com/en/node/488
fxniki
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It's a grate a trading opportunity to buy in AEETH. And now the price is in the buy zone. Thanks for sharing it.