ForecastCity
Long

A trading opportunity to buy in ETHBTC

BITFINEX:ETHBTC   Ethereum / Bitcoin
Midterm forecast:
While the price is above the support 0.02735, beginning of uptrend is expected.
We make sure when the resistance at 0.04175 breaks.
If the support at 0.02735 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.03137 on 04/04/2019, so more gains to resistance(s) 0.03730 and maximum to Major Resistance (0.04175) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 52.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.033000 to 0.030700). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.033000)
Ending of entry zone (0.030700)

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= @ 0.03730
TP2= @ 0.04175
TP3= @ 0.04400
TP4= @ 0.04850
TP5= @ 0.05410
TP6= @ 0.05840
TP7= @ 0.06650
TP8= @ 0.07200
TP9= @ 0.08020
TP10= @ 0.08560
TP11= @ 0.10000
TP12= @ 0.12150
TP13= @ 0.15150
TP14= Free
http://www.ForecastCity.com

★ For having access to the latest forecasts at the time they publish, the latest NEWS, and many other privileges, please subscribe to the ForecastCity.com
Thanks for sharing such a wonderful trading opportunity on ETHBTC. I will wait for the entry signal to buy.
+2 Reply
@fxniki, You're welcome.
Reply
Very nicely done! Let's hope it will plays in a similar way, it will mean a lot for the whole market in the month to come. Thank you once again for your great work!
+4 Reply
ForecastCity cryptozwerg
@cryptozwerg, You're welcome and thanks for your nice comment.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out