Technical analysis:
. REQUESTNETWORK/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 39.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000110 to 0.0000059). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000110)
Ending of entry zone (0.0000059)
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.
Take Profits:
TP1= @ 0.0000160
TP2= @ 0.0000198
TP3= @ 0.0000253
TP4= @ 0.0000317
TP5= @ 0.0000415
TP6= @ 0.0000618
TP7= @ 0.0000722
TP8= Free
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