ForecastCity
Long

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

BINANCE:ARKETH   None
Technical analysis:
ARK/ETHEREUM 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 58.

Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.003128 to 0.002725). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.003128)
Ending of entry zone (0.002725)

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= @ 0.003664
TP2= @ 0.004209
TP3= @ 0.004965
TP4= @ 0.005706
TP5= @ 0.006905
TP6= @ 0.008110
TP7= @ 0.009816
TP8= @ 0.011988
TP9= Free
Trade active: Weekly update: TP4 hit with 14244 pip profit ...

Trade Setup:
We opened 9 BUY trade(s) @ 0.002805 based on "2-Day Hammer" entry method at 01.03.2019.

Total Profit: 14244 pip
Closed trade(s): 7324 Profit
Open trade(s): 6920 Profit

Closed Profit:
TP1 @ 0.003664 touched at 01.20.2019 with 859 Profit.
TP2 @ 0.004209 touched at 02.08.2019 with 1404 Profit.
TP3 @ 0.004965 touched at 02.10.2019 with 2160 Profit.
TP4 @ 0.005706 touched at 02.17.2019 with 2901 Profit.
859 + 1404 + 2160 + 2901 = 7324

Open Profit:
Profit for one trade is 0.004189 (current price) - 0.002805 (open price) = 1384 pip
5 trade(s) still open, therefore total profit for open trade(s) is 1384 x = 6920 pip
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.006905
TP6= @ 0.008110
TP7= @ 0.009816
TP8= @ 0.011988
TP9= Free
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Comments

Hooe we have bottomed here. If you have time - yoyow/BTC - appreciated.
+1 Reply
@jbarks, Thank you for your comments.
We publish a new idea when the chart is in the good situation.
Only forecasts published on our website are updated regularly.
Reply
Thanks for the update. TP4 hit with 14244 pip profit is grate.
Reply
@fxniki, You're welcome.
Reply
@fxniki, It was an honor to share that amazing take-profit with you and others.
Reply
I appreciate your nice technical analysis.
Reply
@fxniki, Thank you for your nice words and support.
Reply
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