ForecastCity

Long-term Buy trading opportunity for ZECETH

Long
ForecastCity Updated   
POLONIEX:ZECETH   Zcash / Ethereum
Technical analysis:
. ZCASH/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 46.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.368 to 0.346). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.368)
Ending of entry zone (0.346)

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= @ 0.40015
TP2= @ 0.43500
TP3= @ 0.46667
TP4= @ 0.50800
TP5= @ 0.56500
TP6= @ 0.64924
TP7= @ 0.71000
TP8= @ 0.82800
TP9= @ 0.94600
TP10= @ 1.04900
TP11= @ 1.19619
TP12= Free
Trade active:
Weekly update: TP2 hit with 66171352 profit ...

Trade Setup:
We opened 12 BUY trade(s) @ 0.37314359 based on "Valley" entry method at 03.09.2019.
Total Profit: 66171352
Closed trade(s): 8886282 Profit
Open trade(s): 57285070 Profit

Closed Profit:
TP1 @ 0.40015 touched at 03.19.2019 with 2700641 Profit.
TP2 @ 0.43500 touched at 03.20.2019 with 6185641 Profit.
2700641 + 6185641 = 8886282
Open Profit:
Profit for one trade is 0.43042866(current price) - 0.37314359(open price) = 5728507
10 trade(s) still open, therefore total profit for open trade(s) is 5728507 x 10 = 57285070
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.46667
TP4= @ 0.50800
TP5= @ 0.56500
TP6= @ 0.64924
TP7= @ 0.71000
TP8= @ 0.82800
TP9= @ 0.94600
TP10= @ 1.04900
TP11= @ 1.19619
TP12= Free

Technical analysis:
Zcash/Ethereum is in a range bound and Beginning of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 67.

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