. There is a possibility of temporary retracement to suggested support line (740.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Ethereum /TetherUS ETHUSDT 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 is at 70.
TP1= @ 788.0
TP2= @ 811.0
TP3= @ 842.0
TP4= @ 887.0
TP5= @ 962.0
SL= Break below S2
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Total Profit: 54%
Closed trade(s): 39% Profit
Open trade(s): 15% Profit
TP1 @ 788.00 touched at 01.03.2020 with 4% Profit.
TP2 @ 811.00 touched at 01.03.2020 with 7% Profit.
TP3 @ 842.00 touched at 01.03.2020 with 11% Profit.
TP4 @ 887.00 touched at 01.03.2020 with 17% Profit.
4% + 7% + 11% + 17% = 39%
Profit for one trade is 872.20(current price) - 755.00(open price) = 15%
1 trade(s) still open, therefore total profit for open trade(s) is 15% x 1 = 15%
All SLs moved to Break-even point.
TP5= @ 962.0
We hope you enjoy it.