ForecastCity
Long

There is a possibility for the beginning of uptrend in IOSTUSD

BINANCE:IOSTUSD   ISimple Token / US Dollar (calculated by TradingView)
Technical analysis:
. ISIMPLETOKEN/DOLLAR 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 31.
. 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 (0.0195 to 0.0135). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0195)
Ending of entry zone (0.0135)

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= @ 0.0257
TP2= @ 0.0308
TP3= @ 0.0352
TP4= @ 0.0397
TP5= @ 0.0475
TP6= @ 0.0553
TP7= @ 0.0700
TP8= Free
Trade active: Weekly update: TP3 hit with 7278285 profit ...


Trade Setup:
We opened 7 BUY trade(s) @ 0.02080917 based on ' Hammer ' entry method at 07.12.2018.

Total Profit: 7278285
Closed trade(s): 3377249 Profit
Open trade(s): 3901036 Profit

Closed Profit:
TP1 @ 0.0287 touched at 07.25.2018 with 789083 Profit.
TP2 @ 0.0323 touched at 07.25.2018 with 1149083 Profit.
TP3 @ 0.0352 touched at 07.25.2018 with 1439083 Profit.
789083 + 1149083 + 1439083 = 3377249

Open Profit:
Profit for one trade is 0.03056176 (current price) - 0.02080917 (open price) = 975259
4 trade(s) still open, therefore total profit for open trade(s) is 975259 x 4 = 3901036
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.0475
TP5= @ 0.0553
TP6= @ 0.0700
TP7= Free

Technical analysis:
ISimpleToken/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 60.
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