ForecastCity
Long

There is a trading opportunity to buy in IOSTBTC

BINANCE:IOSTBTC   IOST / Bitcoin
Technical analysis:
. IOStoken/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 31.
. While the price downtrend in the Daily chart and the RSI (#1) is not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000315 to 0.00000294). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00000315)
Ending of entry zone (0.00000294)

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= @ 0.00000356
TP2= @ 0.00000374
TP3= @ 0.00000402
TP4= @ 0.00000421
TP5= @ 0.00000486
TP6= @ 0.00000592
TP7= @ 0.00000764
TP8= Free
Jul 26
Trade active: Weekly update: TP4 hit with 689 profit ...

Trade Setup:
We opened 8 BUY trade(s) @ 0.00000296 based on ' Hammer ' entry method at 07.24.2018.
Total Profit: 689
Closed trade(s): 369 Profit
Open trade(s): 320 Profit

Closed Profit:
TP1= @ 0.00000356 touched at 07.25.2018 with 60 Profit.
TP2= @ 0.00000374 touched at 07.25.2018 with 78 Profit.
TP3= @ 0.00000402 touched at 07.25.2018 with 106 Profit.
TP4= @ 0.00000421 touched at 07.25.2018 with 125 Profit.
60 + 78 + 106 + 125 = 369
Open Profit:
Profit for one trade is 0.00000376 (current price) - 0.00000296 (open price) = 80
4 trade(s) still open, therefore total profit for open trade(s) is 80 x 4 = 320
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.00000486
TP6= @ 0.00000592
TP7= @ 0.00000764
TP8= Free

Technical analysis:
IOStoken/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 54.
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Good analysis as usual
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Nice and simple
thanks for your ideas
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