ForecastCity
Long

A trading opportunity to buy in PIVXETH

BINANCE:PIVXETH   PIVX / Ethereum
Technical analysis:
. PIVX/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 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.004400 to 0.003900). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.004400)
Ending of entry zone (0.003900)

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= @ 0.005120
TP2= @ 0.005810
TP3= @ 0.006260
TP4= @ 0.007180
TP5= @ 0.008110
TP6= @ 0.009420
TP7= @ 0.011090
TP8= Free
Trade active: Weekly update: TP3 hit with 7226 pip profit ...


Trade Setup:
We opened 8 BUY trade(s) @ 0.004233 based on 'Valley' entry method at 09.25.2018.


Total Profit: 7226 pip
Closed trade(s): 4491 Profit
Open trade(s): 2735 Profit

Closed Profit:
TP1 @ 0.005120 touched at 09.29.2018 with 887 Profit.
TP2 @ 0.005810 touched at 09.29.2018 with 1577 Profit.
TP3 @ 0.006260 touched at 09.29.2018 with 2027 Profit.
887 + 1577 + 2027 = 4491

Open Profit:
Profit for one trade is 0.004780 (current price) - 0.004233 (open price) = 547
5 trade(s) still open, therefore total profit for open trade(s) is 547 x 5 = 2735
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.007180
TP5= @ 0.008110
TP6= @ 0.009420
TP7= @ 0.011090
TP8= Free
Trade active: Weekly update: TP4 hit with 14554 pip profit ...


Trade Setup:
We opened 8 BUY trade(s) @ 0.004233 based on 'Valley' entry method at 09.25.2018.


Total Profit: 14554 pip
Closed trade(s): 7438 Profit
Open trade(s): 8448 Profit

Closed Profit:
TP1 @ 0.005120 touched at 09.29.2018 with 887 Profit.
TP2 @ 0.005810 touched at 09.29.2018 with 1577 Profit.
TP3 @ 0.006260 touched at 09.29.2018 with 2027 Profit.
TP4 @ 0.007180 touched at 10.18.2018 with 2947 Profit.
887 + 1577 + 2027 + 2947 = 7438

Open Profit:
Profit for one trade is 0.006345 (current price) - 0.004233 (open price) = 2112
4 trade(s) still open, therefore total profit for open trade(s) is 2112 x 4 = 8448
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.008110
TP6= @ 0.009420
TP7= @ 0.011090
TP8= Free
Trade active: Weekly update: TP5 hit with 16445 pip profit ...

Trade Setup:
We opened 8 BUY trade(s) @ 0.004233 based on 'Valley' entry method at 09.25.2018.

Total Profit: 16445 pip
Closed trade(s): 11315 Profit
Open trade(s): 5130 Profit

Closed Profit:
TP1 @ 0.005120 touched at 09.29.2018 with 887 Profit.
TP2 @ 0.005810 touched at 09.29.2018 with 1577 Profit.
TP3 @ 0.006260 touched at 09.29.2018 with 2027 Profit.
TP4 @ 0.007180 touched at 10.18.2018 with 2947 Profit.
TP5 @ 0.008110 touched at 12.30.2018 with 3877 Profit.
887 + 1577 + 2027 + 2947 + 3877 = 11315

Open Profit:
Profit for one trade is 0.005943 (current price) - 0.004233 (open price) = 1710
4 trade(s) still open, therefore total profit for open trade(s) is 1710 x 3 = 5130
All SLs moved to Break-even point.

Take Profit:
TP6= @ 0.009420
TP7= @ 0.011090
TP8= Free
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