ForecastCity
Long

ETHUSD , Ethereum would probably resume its uptrend again.

COINBASE:ETHUSD   Ethereum / U.S. Dollar
ETHEREUM/DOLLAR
Midterm forecast:
  • While the price is above the support 272.650, resumption of uptrend is expected.
  • We make sure when the resistance at 630.500 breaks.
  • If the support at 272.650 is broken, the short-term forecast -resumption of uptrend- will be invalid.

    Trading suggestion:
    Price is in the Buy Zone (393.550 to 309.100), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (393.550)
  • Ending of entry zone (309.100)

    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:

    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 26.
Take Profits:
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Trade active: A New Trading Opportunity to Buy. TP3 hit with 1892587 profit...

ETHEREUM/DOLLAR
New trading suggestion:
  • The price is in an up trend and we forecast the uptrend would continue.
  • There is possibility of temporary retracement to suggested support line (527.285), if so, traders can set orders based on Price Action and expect to reach short-term targets.

    Midterm forecast:
  • While the level 527.285 is not broken, the Midterm wave will be uptrend.
  • Price may also reach 527.285, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
  • We will close our open trades, if the Midterm level 527.285 is broken.

    Technical analysis:
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 58.
Total Profit: 1892587 pip
Closed trade(s): 398171 pip Profit
Open trade(s): 1494416 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 04.11.2018. (we use SimpleFX.com standard charts as reference.)

Closed Profit:
TP1 @ 475.300 touched at 04.12.2018 with 55057 pip Profit.
TP2 @ 553.100 touched at 04.19.2018 with 132857 pip Profit.
TP3 @ 630.500 touched at 04.22.2018 with 210257 pip Profit.
55057 + 132857 + 210257 = 398171 pip

Open Profit:
Profit for one trade is 633.731(current price) - 420.243(open price) = 213488 pip
7 trade(s) still open, therefore total profit for open trade(s) is 213488 x 7 = 1494416 pip

Take Profits:
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free

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You're amazing bro ! thank you
+1 Reply
ForecastCity CoronelCrypto
@CoronelCrypto, kind of you
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