ForecastCity

A trading opportunity to buy in RVNUSD

Long
ForecastCity Updated   
BITTREX:RVNUSD   RavenCoin
Technical analysis:
. PEERCOIN/BITCOIN is in a range bound 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 51.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is 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 (0.00016500 to 0.00013250). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00016500)
Ending of entry zone (0.00013250)

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= @ 0.02946
TP2= @ 0.03560
TP3= @ 0.04076
TP4= @ 0.05000
TP5= @ 0.06267
TP6= Free
Trade active:
Weekly update: TP5 hit with 10078929 pip profit ...

Trade Setup:
We opened 6 BUY trade(s) @ 0.02930342 based on 'Valley' entry method at 02.11.2019.

Total Profit: 10078929 pip
Closed trade(s): 7181632 Profit
Open trade(s): 2897297 Profit

Closed Profit:
TP1 @ 0.02946 with 0 Profit.
TP2 @ 0.03560 touched at 03.19.2019 with 629658 Profit.
TP3 @ 0.04076 touched at 03.20.2019 with 1145658 Profit.
TP4 @ 0.05000 touched at 03.21.2019 with 2069658 Profit.
TP5 @ 0.06267 touched at 03.24.2019 with 3336658 Profit.
629658 + 1145658 + 2069658 + 3336658 = 7181632

Open Profit:
Profit for one trade is 0.05827639 (current price) - 0.02930342 (open price) = 2897297
1 trade(s) still open, therefore total profit for open trade(s) is 2897297 x 1 = 2897297
All SLs moved to Break-even point.

Take Profit:
TP6= Free

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