ForecastCity
Long

There is a possibility for the beginning of an uptrend in AEBNB

BINANCE:AEBNB   Aeternity / BNB
Technical analysis:
. AETERNITY/BINANCECOIN 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 42.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.09963 to 0.08856). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.09963)
Ending of entry zone (0.08856)

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= @ 0.11586
TP2= @ 0.13603
TP3= @ 0.15979
TP4= @ 0.18400
TP5= @ 0.20372
TP6= @ 0.23914
TP7= @ 0.27501
TP8= @ 0.38977
TP9= Free
Trade active: Weekly update: TP1 hit with 23063 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.09451 based on 'Hammer' entry method at 09.12.2018.


Total Profit: 23063 pip
Closed trade(s): 2135 Profit
Open trade(s): 20928 Profit

Closed Profit:
TP1 @ 0.11586 touched at 10.01.2018 with 2135 Profit.

Open Profit:
Profit for one trade is 0.12067 (current price) - 0.09451 (open price) = 2616
8 trade(s) still open, therefore total profit for open trade(s) is 2616 x 8 = 20928

Take Profit:
TP2= @ 0.13603
TP3= @ 0.15979
TP4= @ 0.18400
TP5= @ 0.20372
TP6= @ 0.23914
TP7= @ 0.27501
TP8= @ 0.38977
TP9= Free
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