Technical analysis: . VERGE/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 33. . 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 (0.00004900 to 0.00004400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00004900) Ending of entry zone (0.00004400)
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= @ 0.0000565 TP2= @ 0.0000615 TP3= @ 0.0000667 TP4= @ 0.0000774 TP5= @ 0.0001018 TP6= @ 0.0001215 TP7= @ 0.0001412 TP8= @ 0.0002050 TP9= Free