ForecastCity
Long

WTCETH , weekly update: Total profit 12367 in 1 day.

BINANCE:WTCETH   Walton / Ethereum
WALTON/ETHEREUM
Total Profit: 12367 Profit
Closed trade(s): 1291 Profit
Open trade(s): 11076 Profit

Trade Setup:
We opened 5 BUY trade(s) @ 0.026009 (day close price) based on 2-day reversal candle ( 2-day Hammer ) at 04.02.2018 .
Closed Profit:
TP1 @ 0.0273 touched at 04.03.2018 with 1291 Profit.

Open Profit:
Profit for one trade is 0.028778(current price) -0.026009(open price) = 2769
4 trade(s) still open, therefore total profit for open trade(s) is 2769 x 4 = 11076

Take Profit:
TP2= @ 0.0307
TP3= @ 0.0353
TP4= @ 0.0395
TP5= @ Free

Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.0244to 0.0207), if so, traders can set orders based on Price Action and expect to reach short-term targets.

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 57.
.Current short-term is range bound and beginning of uptrend is expected.
.All SLs moved to Break-even point.
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