There is a trading opportunity to buy in SCETH
Technical analysis:
. Siacoin/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.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001000 to 0.00000820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001000)
Ending of entry zone (0.00000820)
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 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= @ 0.00001180
TP2= @ 0.00001340
TP3= @ 0.00001485
TP4= @ 0.00001700
TP5= @ 0.00001900
TP6= @ 0.00002235
TP7= @ 0.00002565
TP8= @ 0.00003640
TP9= Free
. Siacoin/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.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001000 to 0.00000820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001000)
Ending of entry zone (0.00000820)
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 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= @ 0.00001180
TP2= @ 0.00001340
TP3= @ 0.00001485
TP4= @ 0.00001700
TP5= @ 0.00001900
TP6= @ 0.00002235
TP7= @ 0.00002565
TP8= @ 0.00003640
TP9= Free
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.