ForecastCity

Don't miss the great buy opportunity in ETHBTC

Long
BITFINEX:ETHBTC   Ethereum / Bitcoin
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0251). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. ETHBTC 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 70.

Take Profits:
TP1= @ 0.0265
TP2= @ 0.0285
TP3= @ 0.0306
TP4= @ 0.0336
TP5= @ 0.0373

SL= Break below S2

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Trade active: 27080 pips profit...

Total Profit: 27080
Closed trade(s): 17880 Profit
Open trade(s): 9200 Profit


Update Details:

Closed Profit:
TP1 @ 0.02650 touched at 2020.07.22 with 1170 pip Profit.
TP2 @ 0.02850 touched at 2020.07.23 with 3170 pip Profit.
TP3 @ 0.03060 touched at 2020.07.25 with 5270 pip Profit.
TP4 @ 0.03360 touched at 2020.08.02 with 8270 Profit.
1170 + 3170 + 5270 + 8270 = 17880

Open Profit:
Profit for one trade is 0.03453 (current price) - 0.02533 (open price) = 9200
1 trade(s) still open, therefore total profit for open trade(s) is 9200 x 1 = 9200
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.0373
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Comments

Very nice analysis man, looks very clean!
+2 Reply
ForecastCity Mesutkashmar
@Mesutkashmar, thanks 😊
+1 Reply
Thank You for sharing!🥰🥰
+1 Reply
@fxniki, Got it. 🌹
+1 Reply
Thanks, I will focus on this one too.
+1 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, You're welcome. We hope you find it helpful. 🌹
+1 Reply
What a lovely opportunity
+1 Reply
ForecastCity Habib_forex
@Habib_forex, Thanks for your comment. 🌹
+1 Reply
This is such a complete analysis, I will keep an eye on this!
+1 Reply
@Sir_Ray, Hope you find it useful 😉 🍀💙
+1 Reply
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