ForecastCity

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

Long
ForecastCity Updated   
BITFINEX:EOSETH   EOS / Ethereum
Technical analysis:
. EOS/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 44.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0181000 to 0.0170000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0181000)
Ending of entry zone (0.0170000)

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= @ 0.0202000
TP2= @ 0.0220900
TP3= @ 0.0242000
TP4= @ 0.0263200
TP5= @ 0.0280000
TP6= @ 0.0293300
TP7= @ 0.0331500
TP8= Free
Trade active:
Weekly update: TP3 hit with 345550 profit ...
Trade Setup:
We opened 8 BUY trade(s) @ 0.0182500 based on "Valley" entry method at 01.06.2019.
Total Profit: 345550 pip
Closed trade(s): 117400 pip Profit
Open trade(s): 228150 pip Profit

Closed Profit:
TP1 @ 0.02020 touched at 01.10.2019 with 19500 Profit.
TP2 @ 0.02209 touched at 02.01.2019 with 38400 Profit.
TP3 @ 0.02420 touched at 02.12.2019 with 59500 Profit.
19500 + 38400 + 59500 = 117400

Open Profit:
Profit for one trade is 0.0228130 (current price) - 0.0182500 (open price) = 45630 pip
5 trade(s) still open, therefore total profit for open trade(s) is 45630 x 5 = 228150 pip

Take Profits:
TP4= @ 0.0263200
TP5= @ 0.0280000
TP6= @ 0.0293300
TP7= @ 0.0331500
TP8= Free
Trade active:
Weekly update: TP4 hit with 419080 pip profit ...

Trade Setup:
We opened 8 BUY trade(s) @ 0.0182500 based on "Valley" entry method at 01.06.2019.

Total Profit: 419080 pip
Closed trade(s): 198100 Profit
Open trade(s): 220980 Profit

Closed Profit:
TP1 @ 0.02020 touched at 01.10.2019 with 19500 Profit.
TP2 @ 0.02209 touched at 02.01.2019 with 38400 Profit.
TP3 @ 0.02420 touched at 02.12.2019 with 59500 Profit.
TP4 @ 0.02632 touched at 02.20.2019 with 80700 Profit.
19500 + 38400 + 59500 + 80700 = 198100

Open Profit:
Profit for one trade is 0.0256160 (current price) - 0.0182500 (open price) = 73660 pip
3 trade(s) still open, therefore total profit for open trade(s) is 73660 x 3 = 220980 pip All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.0280000
TP6= @ 0.0293300
TP7= @ 0.0331500
TP8= Free

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