ForecastCity
Long

A trading opportunity to buy in BATUSD

BITTREX:BATUSD   Basic Attention Token / US Dollar
Technical analysis:
. BasicAttentionToken/Dollar 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 51.
. The price downtrend and the RSI downtrend in the daily chart are 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 (0.175 to 0.130). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.175)
Ending of entry zone (0.130)

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= @ 0.242
TP2= @ 0.278
TP3= @ 0.312
TP4= @ 0.362
TP5= @ 0.424
TP6= @ 0.516
TP7= @ 0.676
TP8= @ 0.903
TP9= @ 1.043
TP10= Free
Trade active: Weekly update: TP2 hit with 73004283 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.18005219 based on '2-Day Hammer' entry method at 10.13.2018.


Total Profit: 73004283 pip
Closed trade(s): 10414259 Profit
Open trade(s): 62590024 Profit

Closed Profit:
TP1 @ 0.242 touched at 10.19.2018 with 619478 Profit.
TP2 @ 0.278 touched at 10.21.2018 with 9794781 Profit.
619478 + 9794781 = 10414259

Open Profit:
Profit for one trade is 0.25828972 (current price) - 0.18005219 (open price) = 7823753
8 trade(s) still open, therefore total profit for open trade(s) is 7823753 x 8 = 62590024
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.312
TP4= @ 0.362
TP5= @ 0.424
TP6= @ 0.516
TP7= @ 0.676
TP8= @ 0.903
TP9= @ 1.043
TP10= Free
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