ForecastCity
Long

A trading opportunity to buy WTCETH

BINANCE:WTCETH   Walton / Ethereum
Technical analysis:
. WALTON/ETHEREUM 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 60.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0104 to 0.0071). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0104)
Ending of entry zone (0.0071)

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= @ 0.0131
TP2= @ 0.0147
TP3= @ 0.0167
TP4= @ 0.0195
TP5= @ 0.0233
TP6= @ 0.0307
TP7= @ 0.0395
TP8= Free
Sep 04
Trade active: Weekly update: TP4 hit with 33794 pip profit ...

Trade Setup:
We opened 8 BUY trade(s) @ 0.011836 based on 'Hammer' entry method at 08.24.2018.

Total Profit: 33794 pip
Closed trade(s): 10010 Profit
Open trade(s): 23784 Profit

Closed Profit:
TP1 @ 0.0131 touched at 08.25.2018 with 1264 Profit.
TP2 @ 0.0147 touched at 08.26.2018 with 2864 Profit.
TP3 @ 0.0167 touched at 08.30.2018 with 4864 Profit.
TP4 @ 0.0195 touched at 08.31.2018 with 7664 Profit.
82 + 832 + 1432 + 7664 = 10010

Open Profit:
Profit for one trade is 0.017782 (current price) - 0.011836 (open price) = 5946
4 trade(s) still open, therefore total profit for open trade(s) is 5946 x 4 = 23784
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.0233
TP6= @ 0.0307
TP7= @ 0.0395
TP8= Free
Sep 04
Trade active: Weekly update: TP4 hit with 40440 pip profit ...

Trade Setup:
We opened 8 BUY trade(s) @ 0.011836 based on 'Hammer' entry method at 08.24.2018.

Total Profit: 40440 pip
Closed trade(s): 16656 Profit
Open trade(s): 23784 Profit

Closed Profit:
TP1 @ 0.0131 touched at 08.25.2018 with 1264 Profit.
TP2 @ 0.0147 touched at 08.26.2018 with 2864 Profit.
TP3 @ 0.0167 touched at 08.30.2018 with 4864 Profit.
TP4 @ 0.0195 touched at 08.31.2018 with 7664 Profit.
1264 + 2864 + 4864 + 7664 = 16656

Open Profit:
Profit for one trade is 0.017782 (current price) - 0.011836 (open price) = 5946
4 trade(s) still open, therefore total profit for open trade(s) is 5946 x 4 = 23784
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.0233
TP6= @ 0.0307
TP7= @ 0.0395
TP8= Free
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