There is a possibility for the beginning of an uptrend in PPTETH

29 août 2018

Technical analysis:
. POPULOUS/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
. 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 (0.013600 to 0.010500). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.013600)
Ending of entry zone (0.010500)

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= @ 0.019000
TP2= @ 0.021100
TP3= @ 0.024300
TP4= @ 0.028500
TP5= @ 0.032800
TP6= @ 0.038800
TP7= @ 0.046400
TP8= @ 0.065000
TP9= Free