There is a possibility for the beginning of uptrend in STRBTC

There is a possibility for the beginning of uptrend in STRBTC

Stellar / Bitcoin POLONIEX:STRBTC


Technical analysis:
. STELLAR/BITCOIN is in a downtrend 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 36.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000266 to 0.0000255). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0000266)
Ending of entry zone (0.0000255)

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= @ 0.0000332
TP2= @ 0.0000348
TP3= @ 0.0000388
TP4= @ 0.0000426
TP5= @ 0.0000463
TP6= @ 0.0000497
TP7= @ 0.0000585
TP8= Free

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