There is a possibility for the beginning of an uptrend in ZRXUSD
Technical analysis:
. 0x/Dollar 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 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.289000)
Ending of entry zone (0.227000)
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= @ 0.415000
TP2= @ 0.484000
TP3= @ 0.618000
TP4= @ 0.700000
TP5= @ 0.861000
TP6= @ 1.056000
TP7= @ 1.253000
TP8= Free
. 0x/Dollar 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 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.289000)
Ending of entry zone (0.227000)
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:
TP1= @ 0.415000
TP2= @ 0.484000
TP3= @ 0.618000
TP4= @ 0.700000
TP5= @ 0.861000
TP6= @ 1.056000
TP7= @ 1.253000
TP8= Free