ForecastCity
Long

A long-term Buy trading opportunity for EOSBTC

BITFINEX:EOSBTC   EOS / Bitcoin
Technical analysis:
. EOS/BITCOIN is in a downtrend 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 35.
. 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 (0.0007083 to 0.0005282). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0007083)
Ending of entry zone (0.0005282)

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= @ 0.0008506
TP2= @ 0.0009285
TP3= @ 0.0010175
TP4= @ 0.0012215
TP5= @ 0.0014943
TP6= @ 0.0016828
TP7= @ 0.0019516
TP8= @ 0.0022935
TP9= Free
Trade active: Weekly update: TP2 hit with 173914 profit ...


Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0007083 to 0.0005282). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Trade Setup:
We opened 9 BUY trade(s) @ 0.00074000 based on 'Hammer' entry method at 08.22.2018.


Total Profit: 173914
Closed trade(s): 29910 Profit
Open trade(s): 144004 Profit

Closed Profit:
TP1 @ 0.0008506 touched at 08.29.2018 with 11060 Profit.
TP2 @ 0.0009285 touched at 09.01.2018 with 18850 Profit.
11060 + 18850 = 29910

Open Profit:
Profit for one trade is 0.00094572 (current price) - 0.00074000 (open price) = 20572
7 trade(s) still open, therefore total profit for open trade(s) is 20572 x 7 = 144004
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.0010175
TP4= @ 0.0012215
TP5= @ 0.0014943
TP6= @ 0.0016828
TP7= @ 0.0019516
TP8= @ 0.0022935
TP9= Free
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