Technical analysis: . OST/BINANCECOIN 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 55. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.004700 to 0.003600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.004700) Ending of entry zone (0.003600)
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= @ 0.006310 TP2= @ 0.008040 TP3= @ 0.010230 TP4= @ 0.014110 TP5= @ 0.021310 TP6= @ 0.027160 TP7= @ 0.032980 TP8= @ 0.041280 TP9= @ 0.051840 TP10= Free