There is a possibility for the beginning of an uptrend in EOSETH
Updated
Technical analysis:
. EOS/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.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01700 to 0.01521). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01700)
Ending of entry zone (0.01521)
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= @ 0.01826
TP2= @ 0.01944
TP3= @ 0.02206
TP4= @ 0.02418
TP5= @ 0.02808
TP6= @ 0.03315
TP7= Free
. EOS/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.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01700 to 0.01521). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01700)
Ending of entry zone (0.01521)
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= @ 0.01826
TP2= @ 0.01944
TP3= @ 0.02206
TP4= @ 0.02418
TP5= @ 0.02808
TP6= @ 0.03315
TP7= Free
Trade active
Weekly update: TP2 hit with 320850 profit ...Trade Setup:
We opened 7 BUY trade(s) @ 0.0158000 based on 'Hammer' entry method at 08.10.2018.
Total Profit: 320850 pip
Closed trade(s): 61000 pip Profit
Open trade(s): 259850 pip Profit
Closed Profit:
TP1 @ 0.01826 touched at 08.27.2018 with 24600 Profit.
TP2 @ 0.01944 touched at 08.28.2018 with 36400 Profit.
24600 + 36400 = 61000
Open Profit:
Profit for one trade is 0.0209970 (current price) - 0.0158000 (open price) = 51970 pip
5 trade(s) still open, therefore total profit for open trade(s) is 51970 x 5 = 259850 pip
Take Profits:
TP3= @ 0.02206
TP4= @ 0.02418
TP5= @ 0.02808
TP6= @ 0.03315
TP7= Free
Trade active
Weekly update: TP3 hit with 401640 pip profit ... Trade Setup:
We opened 7 BUY trade(s) @ 0.0158000 based on 'Hammer' entry method at 08.10.2018.
Total Profit: 401640 pip
Closed trade(s): 123600 Profit
Open trade(s): 278040 Profit
Closed Profit:
TP1 @ 0.01826 touched at 08.27.2018 with 24600 Profit.
TP2 @ 0.01944 touched at 08.28.2018 with 36400 Profit.
TP3 @ 0.02206 touched at 08.31.2018 with 62600 Profit.
24600 + 36400 + 62600 = 123600
Open Profit:
Profit for one trade is 0.0227510 (current price) - 0.0158000 (open price) = 69510
4 trade(s) still open, therefore total profit for open trade(s) is 69510 x 4 = 278040
All SLs moved to Break-even point.
Take Profit:
TP4= @ 0.02418
TP5= @ 0.02808
TP6= @ 0.03315
TP7= Free
Trade active
Weekly update: TP4 hit with 484090 pip profit ... Trade Setup:
We opened 7 BUY trade(s) @ 0.0158000 based on 'Hammer' entry method at 08.10.2018.
Total Profit: 484090 pip
Closed trade(s): 207400 Profit
Open trade(s): 276690 Profit
Closed Profit:
TP1 @ 0.01826 touched at 08.27.2018 with 24600 Profit.
TP2 @ 0.01944 touched at 08.28.2018 with 36400 Profit.
TP3 @ 0.02206 touched at 08.31.2018 with 62600 Profit.
TP4 @ 0.02418 touched at 09.08.2018 with 83800 Profit.
24600 + 36400 + 62600 + 83800 = 207400
Open Profit:
Profit for one trade is 0.0250230 (current price) - 0.0158000 (open price) = 92230
3 trade(s) still open, therefore total profit for open trade(s) is 92230 x 3 = 276690
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.02808
TP6= @ 0.03315
TP7= Free
Trade active
Weekly update: TP5 hit with 570700 pip profit ... Trade Setup:
We opened 7 BUY trade(s) @ 0.0158000 based on 'Hammer' entry method at 08.10.2018.
Total Profit: 570700 pip
Closed trade(s): 330200 Profit
Open trade(s): 240500 Profit
Closed Profit:
TP1 @ 0.01826 touched at 08.27.2018 with 24600 Profit.
TP2 @ 0.01944 touched at 08.28.2018 with 36400 Profit.
TP3 @ 0.02206 touched at 08.31.2018 with 62600 Profit.
TP4 @ 0.02418 touched at 09.08.2018 with 83800 Profit.
TP5 @ 0.02808 touched at 09.12.2018 with 122800 Profit.
24600 + 36400 + 62600 + 83800 + 122800 = 330200
Open Profit:
Profit for one trade is 0.0278250 (current price) - 0.0158000 (open price) = 120250
2 trade(s) still open, therefore total profit for open trade(s) is 120250 x 2 = 240500
All SLs moved to Break-even point.
Take Profit:
TP6= @ 0.03315
TP7= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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