A second Chance to Buy in XRPETH...
Technical analysis:
. RIPPLE/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 30.
trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.00218715). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00218715).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 0.00093753 based on '2-D Hammer' entry method at 08.11.2018.
Total Profit: 794275 pip
Closed trade(s): 525229 pip Profit
Open trade(s): 269046 pip Profit
Closed Profit:
TP1 @ 0.001080 touched at 08.17.2018 with 14247 Profit.
TP2 @ 0.001130 touched at 08.17.2018 with 19247 Profit.
TP3 @ 0.001172 touched at 08.17.2018 with 23447 Profit.
TP4 @ 0.001321 touched at 09.06.2018 with 38347 Profit.
TP5 @ 0.001555 touched at 09.12.2018 with 61747 Profit.
TP6 @ 0.002349 touched at 09.21.2018 with 141147 Profit.
TP7 @ 0.003208 touched at 09.21.2018 with 227047 Profit.
14247 + 19247 + 23447 + 38347 + 61747 + 141147 + 227047 = 525229
Open Profit:
Profit for one trade is 0.00228276 (current price) - 0.00093753 (open price) = 134523 pip
2 trade(s) still open, therefore total profit for open trade(s) is 134523 x 2 = 269046 pip
All SLs moved to Break-even point.
Take Profit:
TP8= @ 0.003850
TP9= Free
. RIPPLE/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 30.
trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (0.00218715). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.00218715).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 0.00093753 based on '2-D Hammer' entry method at 08.11.2018.
Total Profit: 794275 pip
Closed trade(s): 525229 pip Profit
Open trade(s): 269046 pip Profit
Closed Profit:
TP1 @ 0.001080 touched at 08.17.2018 with 14247 Profit.
TP2 @ 0.001130 touched at 08.17.2018 with 19247 Profit.
TP3 @ 0.001172 touched at 08.17.2018 with 23447 Profit.
TP4 @ 0.001321 touched at 09.06.2018 with 38347 Profit.
TP5 @ 0.001555 touched at 09.12.2018 with 61747 Profit.
TP6 @ 0.002349 touched at 09.21.2018 with 141147 Profit.
TP7 @ 0.003208 touched at 09.21.2018 with 227047 Profit.
14247 + 19247 + 23447 + 38347 + 61747 + 141147 + 227047 = 525229
Open Profit:
Profit for one trade is 0.00228276 (current price) - 0.00093753 (open price) = 134523 pip
2 trade(s) still open, therefore total profit for open trade(s) is 134523 x 2 = 269046 pip
All SLs moved to Break-even point.
Take Profit:
TP8= @ 0.003850
TP9= Free
High Accurate AI-Generated forecasts for:
🌟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
🌟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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.