ForecastCity
Long

A trading opportunity to buy in SCETH

BITTREX:SCETH   Siacoin / Ethereum
Technical analysis:
. SiaCoin/Ethereum 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 42.
. 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 (0.0000220to 0.0000207). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0000220)
Ending of entry zone (0.0000207)

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= @ 0.0000245
TP2= @ 0.0000271
TP3= @ 0.0000298
TP4= @ 0.0000327
TP5= @ 0.0000350
TP6= @ 0.0000391
TP7= @ 0.0000433
TP8= @ 0.0000492
TP9= @ 0.0000567
TP10= Free
Trade active: Weekly update: TP2 hit with 3148 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.00002254 based on '2-Day Hammer' entry method at 08.31.2018.


Total Profit: 3148 pip
Closed trade(s): 652 Profit
Open trade(s): 2496 Profit

Closed Profit:
TP1 @ 0.0000245 touched at 09.01.2018 with 196 Profit.
TP2 @ 0.0000271 touched at 09.01.2018 with 456 Profit.
196 + 456 = 652

Open Profit:
Profit for one trade is 0.00002566 (current price) - 0.00002254 (open price) = 312
8 trade(s) still open, therefore total profit for open trade(s) is 312 x 8 = 2496
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.0000298
TP4= @ 0.0000327
TP5= @ 0.0000350
TP6= @ 0.0000391
TP7= @ 0.0000433
TP8= @ 0.0000492
TP9= @ 0.0000567
TP10= Free
Trade active: Weekly update: TP3 hit with 4920 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.00002254 based on '2-Day Hammer' entry method at 08.31.2018.


Total Profit: 4920 pip
Closed trade(s): 1378 Profit
Open trade(s): 3542 Profit

Closed Profit:
TP1 @ 0.0000245 touched at 09.01.2018 with 196 Profit.
TP2 @ 0.0000271 touched at 09.01.2018 with 456 Profit.
TP3 @ 0.0000298 touched at 09.23.2018 with 726 Profit.
196 + 456 + 726 = 1378

Open Profit:
Profit for one trade is 0.00002760 (current price) - 0.00002254 (open price) = 506
7 trade(s) still open, therefore total profit for open trade(s) is 506 x 7 = 3542
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.0000327
TP5= @ 0.0000350
TP6= @ 0.0000391
TP7= @ 0.0000433
TP8= @ 0.0000492
TP9= @ 0.0000567
TP10= Free
Trade active: Weekly update: TP5 hit with 8710 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.00002254 based on '2-Day Hammer' entry method at 08.31.2018.


Total Profit: 8710 pip
Closed trade(s): 3640 Profit
Open trade(s): 5070 Profit

Closed Profit:
TP1 @ 0.0000245 touched at 09.01.2018 with 196 Profit.
TP2 @ 0.0000271 touched at 09.01.2018 with 456 Profit.
TP3 @ 0.0000298 touched at 09.23.2018 with 726 Profit.
TP4 @ 0.0000327 touched at 10.03.2018 with 1016 Profit.
TP5 @ 0.0000350 touched at 10.03.2018 with 1246 Profit.
196 + 456 + 726 + 1016 + 1246 = 3640

Open Profit:
Profit for one trade is 0.00003268 (current price) - 0.00002254 (open price) = 1014
5 trade(s) still open, therefore total profit for open trade(s) is 1014 x 5 = 5070
All SLs moved to Break-even point.

Take Profit:
TP6= @ 0.0000391
TP7= @ 0.0000433
TP8= @ 0.0000492
TP9= @ 0.0000567
TP10= Free
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Great analysis so far, keep it up!
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