ForecastCity

There is a possibility for the beginning of an uptrend in MTHETH

Long
BINANCE:MTHETH   None
Technical analysis:
. MONETHA/ETHEREUM 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 44.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000127 to 0.000101). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000127)
Ending of entry zone (0.000101)

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= @ 0.00016690
TP2= @ 0.00019000
TP3= @ 0.00023000
TP4= @ 0.00028235
TP5= @ 0.00033340
TP6= @ 0.00040640
TP7= @ 0.00049980
TP8= Free
Trade active: Weekly update: TP3 hit with 33485 pip profit ...

Trade Setup:
We opened 8 BUY trade(s) @ 0.00013000 based on 'Valley' entry method at 01.26.2019.

Total Profit: 33485 pip
Closed trade(s): 19960 Profit
Open trade(s): 13525 Profit

Closed Profit:
TP1 @ 0.00016690 touched at 02.26.2019 with 3960 Profit.
TP2 @ 0.00019000 touched at 02.26.2019 with 6000 Profit.
TP3 @ 0.00023000 touched at 02.26.2019 with 10000 Profit.
3960 + 6000 + 10000 = 19960

Open Profit:
Profit for one trade is 0.00015705 (current price) - 0.00013000 (open price) = 2705
5 trade(s) still open, therefore total profit for open trade(s) is 2705 x 5 = 13525
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.00028235
TP5= @ 0.00033340
TP6= @ 0.00040640
TP7= @ 0.00049980
TP8= Free
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