ForecastCity
Long

Don't miss the trading opportunity in MANAETH.

BITTREX:MANAETH   Decentraland / Ethereum
Technical analysis:
. DECENTRALAND/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 59.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00026700 to 0.00024700). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00026700)
Ending of entry zone (0.00024700)

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= @ 0.00029100
TP2= @ 0.00031390
TP3= @ 0.00038970
TP4= Free
Sep 08
Trade active: Weekly update: TP1 hit with 10350 pip profit ...


Trade Setup:
We opened 4 BUY trade(s) @ 0.00027006 based on '2-Day Hammer' entry method at 09.203.2018.


Total Profit: 10350 pip
Closed trade(s): 2094 Profit
Open trade(s): 8256 Profit

Closed Profit:
TP1 @ 0.00029100 touched at 09.07.2018 with 2094 Profit.

Open Profit:
Profit for one trade is 0.00029758 (current price) - 0.00027006 (open price) = 2752
3 trade(s) still open, therefore total profit for open trade(s) is 2752 x 3 = 8256

Take Profit:
TP2= @ 0.00031390
TP3= @ 0.00038970
TP4= Free
Sep 09
Trade active: Weekly update: TP2 hit with 14654 pip profit ...


Trade Setup:
We opened 4 BUY trade(s) @ 0.00027006 based on '2-Day Hammer' entry method at 09.03.2018.


Total Profit: 14654 pip
Closed trade(s): 6478 Profit
Open trade(s): 8176 Profit

Closed Profit:
TP1 @ 0.00029100 touched at 09.07.2018 with 2094 Profit.
TP2 @ 0.00031390 touched at 09.09.2018 with 4384 Profit.
2094 + 2094 = 6478

Open Profit:
Profit for one trade is 0.00031094 (current price) - 0.00027006 (open price) = 4088
2 trade(s) still open, therefore total profit for open trade(s) is 4088 x 2 = 8176

Take Profit:
TP3= @ 0.00038970
TP4= Free
Dec 14
Trade active: Weekly update: TP3 hit with 44593 profit ...


Trade Setup:
We opened 4 BUY trade(s) @ 0.00027006 based on '2-Day Hammer' entry method at 09.03.2018.

Total Profit: 44593
Closed trade(s): 18442 Profit
Open trade(s): 26097 Profit

Closed Profit:
TP1 @ 0.00029100 touched at 09.07.2018 with 2094 Profit.
TP2 @ 0.00031390 touched at 09.09.2018 with 4384 Profit.
TP3 @ 0.00038970 touched at 11.08.2018 with 11964 Profit.
2094 + 4384 + 11964 = 18442

Open Profit:
Profit for one trade is 0.00053103(current price) - 0.00027006 (open price) = 26097
1 trade(s) still open, therefore total profit for open trade(s) is 26097 x 1 = 26097

Take Profit:
TP4= Free

Technical analysis:
Decentraland/Ethereum is dropping into lower levels but Resumption of the uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
Relative strength index ( RSI ) is 47.
All SLs moved to Break-even point.
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