ForecastCity
Long

There is a trading opportunity to buy in ETCUSD

BITFINEX:ETCUSD   Ethereum Classic / U.S. Dollar
Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.

Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (14.0 to 12.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (14.0)
Ending of entry zone (12.1)

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 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= @ 17.0
TP2= @ 20.0
TP3= @ 23.0
TP4= @ 25.4
TP5= @ 29.9
TP6= @ 38.4
TP7= @ 42.9
TP8= @ 46.9
TP9= Free
Trade active: Weekly update: TP1 hit with 28006 profit ...


Trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still a possibility of temporary retracement to suggested support zone (14.0 to 12.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (14.0)
Ending of entry zone (12.0)

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 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:

Trade Setup:
We opened 9 BUY trade(s) @ 14.858 based on " Hammer " entry method at 06.24.2018.

Total Profit: 28006
Closed trade(s): 2142 Profit
Open trade(s): 25864 Profit

Closed Profit:
TP1 @ 17.0 touched at 07.02.2018 with 2142 Profit.

Open Profit:
Profit for one trade is 18.091(current price) - 14.858(open price) = 3233
8 trade(s) still open, therefore total profit for open trade(s) is 3233 x 8 = 25864
All SLs moved to Break-even point.

Take Profit:
TP2= @ 20.0
TP3= @ 23.0
TP4= @ 25.4
TP5= @ 29.9
TP6= @ 38.4
TP7= @ 42.9
TP8= @ 46.9
TP9= Free

Technical analysis:
EthereumClassic/Dollar is in a range bound and Beginning of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 61.
Trade active: Weekly update: TP2 hit with 17455 profit ...


Trading suggestion:
*There is still a possibility of temporary retracement to suggested support zone (14.0 to 12.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (14.0)
Ending of entry zone (12.0)

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 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:


Trade Setup:
We opened 9 BUY trade(s) @ 16.556 based on " Valley " entry method at 08.03.2018.


Total Profit: 17455
Closed trade(s): 4666 Profit
Open trade(s): 12789 Profit

Closed Profit:
TP1 @ 17.0 touched at 08.05.2018 with 444 Profit.
TP2 @ 20.0 touched at 08.07.2018 with 3444 Profit.
333 + 4333 = 4666

Open Profit:
Profit for one trade is 18.383(current price) - 16.556 (open price) = 1827
7 trade(s) still open, therefore total profit for open trade(s) is 1827 x 7 = 12789
All SLs moved to Break-even point.

Take Profit:
TP3= @ 23.0
TP4= @ 25.4
TP5= @ 29.9
TP6= @ 38.4
TP7= @ 42.9
TP8= @ 46.9
TP9= Free

Technical analysis:
EthereumClassic/Dollar is in a range bound and Beginning of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 60.
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