ForecastCity
Long

A trading opportunity to buy in PPCBTC

BITTREX:PPCBTC   Peercoin / Bitcoin
Technical analysis:
. PEERCOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. 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 (0.00013700 to 0.00011547). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00013700)
Ending of entry zone (0.00011547)

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= @ 0.00018530
TP2= @ 0.00021130
TP3= @ 0.00025085
TP4= @ 0.00029140
TP5= @ 0.00033495
TP6= @ 0.00038600
TP7= @ 0.00047070
TP8= @ 0.00069000
TP9= Free
Trade active: Weekly update: TP1 hit with 7068 profit ...


Technical analysis:
Peercoin/Bitcoin 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 51.

Trading suggestion:
There is still a possibility of temporary retracement to suggested support zone (0.00013700 to 0.00011547). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00013700)
Ending of entry zone (0.00011547)

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:


Trade Setup:
We opened 9 BUY trade(s) @ 0.00015790 based on ' Valley ' entry method at 08.09.2018.

Total Profit: 7068
Closed trade(s): 2740 Profit
Open trade(s): 4328 Profit

Closed Profit:
TP1 @ 0.00018530 touched at 08.12.2018 with 2740 Profit.

Open Profit:
Profit for one trade is 0.00016331 (current price) - 0.00015790 (open price) = 541
8 trade(s) still open, therefore total profit for open trade(s) is 541 x 8 = 4328
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.00021130
TP3= @ 0.00025085
TP4= @ 0.00029140
TP5= @ 0.00033495
TP6= @ 0.00038600
TP7= @ 0.00047070
TP8= @ 0.00069000
TP9= Free
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