Technical analysis: . IOST/BITCOIN 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 51.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00000155 to 0.00000141). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000155) Ending of entry zone (0.00000141)
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= @ 0.00000174 TP2= @ 0.00000186 TP3= @ 0.00000204 TP4= @ 0.00000255 TP5= @ 0.00000295 TP6= @ 0.00000318 TP7= @ 0.00000356 TP8= @ 0.00000421 TP9= @ 0.00000486 TP10= @ 0.00000614 TP11= @ 0.00000769 TP12= Free
Trade active
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Weekly update: TP3 hit with 291 pip profit ...
Trade Setup: We opened 12 BUY trade(s) @ 0.00000169 based on "2-Day Hammer" entry method at 01.29.2019.
Total Profit: 291 pip Closed trade(s): 57 Profit Open trade(s): 234 Profit
Closed Profit: TP1 @ 0.00000174 touched at 01.30.2019 with 5 Profit. TP2 @ 0.00000186 touched at 02.07.2019 with 17 Profit. TP2 @ 0.00000204 touched at 02.19.2019 with 35 Profit. 5 + 17 + 35 = 57
Open Profit: Profit for one trade is 0. 00000195 (current price) - 0.00000169 (open price) = 26 pip 9 trade(s) still open, therefore total profit for open trade(s) is 26 x 9 = 234 pip All SLs moved to Break-even point.