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 resistance. . The RSI is at 56. . 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 (0.011500 to 0.010400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.011500) Ending of entry zone (0.010400)
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= @ 0.012700 TP2= @ 0.013600 TP3= @ 0.014500 TP4= @ 0.016100 TP5= @ 0.018800 TP6= @ 0.021100 TP7= @ 0.024650 TP8= @ 0.029390 TP9= @ 0.034130 TP10= @ 0.040900 TP11= @ 0.049500 TP12= @ 0.065000 TP13= Free
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