ForecastCity
Long

A trading opportunity to buy in IOSETH

BINANCE:IOSTETH   Internet of Services / Ethereum
Technical analysis:
IOSTOKEN/ETHEREUM 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 RSI is at 51.
While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00005400 to 0.00004744). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00005400)
Ending of entry zone (0.00004744)

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= @ 0.000060
TP2= @ 0.000066
TP3= @ 0.000071
TP4= @ 0.000079
TP5= @ 0.000096
TP6= Free
Trade active: Weekly update: TP2 hit with 2388 pip profit ...


Trade Setup:
We opened 6 BUY trade(s) @ 0.00005384 based on 'Hammer' entry method at 09.24.2018.


Total Profit: 2388 pip
Closed trade(s): 1832 Profit
Open trade(s): 556 Profit

Closed Profit:
TP1 @ 0.000060 touched at 09.25.2018 with 616 Profit.
TP2 @ 0.000066 touched at 09.25.2018 with 1216 Profit.
616 + 1216 = 1832

Open Profit:
Profit for one trade is 0.00005523 (current price) - 0.00005384 (open price) = 139
4 trade(s) still open, therefore total profit for open trade(s) is 139 x 4 = 556
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.000071
TP4= @ 0.000079
TP5= @ 0.000096
TP6= Free
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