. EthereumClassic/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 41.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a possibility of temporary retracement to suggested support zone (0.02440000 to 0.02247455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02440000)
Ending of entry zone (0.02247455)
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.
TP1= @ 0.02715000
TP2= @ 0.02950000
TP3= @ 0.03290000
TP4= @ 0.03782400
TP5= @ 0.04070000
TP6= @ 0.04486200
TP7= @ 0.05073000
TP8= @ 0.05870000
TP9= @ 0.06990000