ForecastCity
Long

There is a possibility for the beginning of an uptrend in GNTUSD

POLONIEX:GNTETH   None
Technical analysis:
. GOLEM/ETHEREUM is in an 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 69.
. The RSI downtrend & The price 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 (0.00066800 to 0.00061000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00066800)
Ending of entry zone (0.00061000)

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= @ 0.00073540
TP2= @ 0.00078350
TP3= @ 0.00085440
TP4= @ 0.00093080
TP5= @ 0.00103200
TP6= @ 0.00114110
TP7= @ 0.00135630
TP8= Free
Comment: Correction:
The Title is written wrong. We apologize for this and the correct Title is:
There is a possibility for the beginning of an uptrend in GNTETH
Trade active: Weekly update: TP2 hit with 95500 pip profit ...


Trade Setup:
We opened 8 BUY trade(s) @ 0.00063637 based on 'Valley' entry method at 09.16.2018.


Total Profit: 95500 pip
Closed trade(s): 24616 Profit
Open trade(s): 70884 Profit

Closed Profit:
TP1 @ 0.00073540 touched at 09.28.2018 with 9903 Profit.
TP2 @ 0.00078350 touched at 10.11.2018 with 14713 Profit.
9903 + 14713 = 24616

Open Profit:
Profit for one trade is 0.00075451 (current price) - 0.00063637 (open price) = 11410
6 trade(s) still open, therefore total profit for open trade(s) is 11410 x 6 = 70884
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.00085440
TP4= @ 0.00093080
TP5= @ 0.00103200
TP6= @ 0.00114110
TP7= @ 0.00135630
TP8= Free
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Correction:
The Title is written wrong. We apologize for this and the correct Title is:
There is a possibility for the beginning of an uptrend in GNTETH
Reply
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