ForecastCity
Long

A trading opportunity to buy in CHATETH

BINANCE:CHATETH   None
Technical analysis:
. CHATCOIN/ETHEREUM is in the uptrend and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
. While the RSI uptrend in the Daily chart is not broken, Bullish wave in price would continue.
. 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 (0.00009260 to 0.00006940). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00009260)
Ending of entry zone (0.00006940)

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= @ 0.000120
TP2= @ 0.000139
TP3= @ 0.000155
TP4= @ 0.000168
TP5= @ 0.000206
TP6= @ 0.000244
TP7= @ 0.000299
TP8= @ 0.000369
TP9= Free
Trade active: Weekly update: TP3 hit with 26748 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00009310 based on '2-Day Hammer' entry method at 09.12.2018.


Total Profit: 26748 pip
Closed trade(s): 13470 Profit
Open trade(s): 13278 Profit

Closed Profit:
TP1 @ 0.000120 touched at 09.21.2018 with 2690 Profit.
TP2 @ 0.000139 touched at 09.21.2018 with 4590 Profit.
TP3 @ 0.000155 touched at 09.21.2018 with 6190 Profit.
2690 + 4590 + 6190 = 13470

Open Profit:
Profit for one trade is 0.00011523 (current price) - 0.00009310 (open price) = 2213
6 trade(s) still open, therefore total profit for open trade(s) is 2213 x 6 = 13278
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.000168
TP5= @ 0.000206
TP6= @ 0.000244
TP7= @ 0.000299
TP8= @ 0.000369
TP9= Free
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