There is a possibility for the beginning of an uptrend in LRCETH
Technical analysis:
. Loopring/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 34.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00034500 to 0.00031700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00034500)
Ending of entry zone (0.00031700)
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= @ 0.00040800
TP2= @ 0.00045800
TP3= @ 0.00049600
TP4= @ 0.00061000
TP5= @ 0.00081000
TP6= @ 0.00100000
TP7= @ 0.00115000
TP8= Free
. Loopring/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 34.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00034500 to 0.00031700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00034500)
Ending of entry zone (0.00031700)
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= @ 0.00040800
TP2= @ 0.00045800
TP3= @ 0.00049600
TP4= @ 0.00061000
TP5= @ 0.00081000
TP6= @ 0.00100000
TP7= @ 0.00115000
TP8= Free
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