While the price is above the support 0.02200, resumption of uptrend is expected.
We make sure when the resistance at 0.07200 breaks.
If the support at 0.02200 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (0.05370 to 0.04520), if so, we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05370)
Ending of entry zone (0.04520)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Good TA,
thank you for sharing, but it's possible to see price action in the December panic low !
the price now is moving slowly there is no momentum, maybe the price will continue to drop until the next buy zone 0.03-0.022
Thank you for sharing!