ForecastCity
Long

Ethereum , A long-term trading opportunity to buy in ETHBTC.

BITFINEX:ETHBTC   Ethereum / Bitcoin
Midterm forecast:
While the price is above the support 0.02200, resumption of uptrend is expected.
We make sure when the resistance at 0.07200 breaks.
If the support at 0.02200 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.05250 to 0.04400), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (0.05250)
Ending of entry zone (0.04400)

Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 17.

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.06050
TP2= @ 0.07200
TP3= @ 0.07750
TP4= @ 0.08600
TP5= @ 0.10000
TP6= @ 0.11060
TP7= @ 0.12160
TP8= @ 0.15140
TP9= Free
Comment: There is possibility for the resumption of uptrend in ETHBTC

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