ForecastCity
Long

There is a trading opportunity to buy in IOSTETH

BINANCE:IOSTETH   Internet of Services / Ethereum
Technical analysis:
. IOSTOKEN/ETHEREUM is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the RSI downtrend #1 and the price downtrend in daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000053 to 0.000048). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000053)
Ending of entry zone (0.000048)

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= @ 0.000062
TP2= @ 0.000066
TP3= @ 0.000072
TP4= @ 0.000079
TP5= @ 0.000087
TP6= @ 0.000096
TP7= Free
Trade active: Weekly update: TP3 hit with 10333 profit ...


We opened 7 BUY trade(s) @ 0.00005093 based on ' Hammer ' entry method at 06.24.2018.

Total Profit: 10333
Closed trade(s): 4721 Profit
Open trade(s): 5612 Profit

Closed Profit:
TP1 @ 0.000062 touched at 07.25.2018 with 1107 Profit.
TP2 @ 0.000066 touched at 07.25.2018 with 1507 Profit.
TP3 @ 0.000072 touched at 07.25.2018 with 2107 Profit.
1107 + 1507 + 2107 = 4721

Open Profit:
Profit for one trade is 0.00006496(current price) - 0.00005093 (open price) = 1403
4 trade(s) still open, therefore total profit for open trade(s) is 1403 x 4 = 5612
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.000079
TP5= @ 0.000087
TP6= @ 0.000096
TP7= Free

Technical analysis:
IOStoken/Ethereum 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 64.
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