ForecastCity
Long

There is a possibility for the beginning of an uptrend in STRBTC

POLONIEX:STRBTC   Stellar / Bitcoin
Technical analysis:
. STELLAR/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 49.
. 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 (0.00002990 to 0.00002840). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00002990)
Ending of entry zone (0.00002840)

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= @ 0.0000332
TP2= @ 0.0000348
TP3= @ 0.0000366
TP4= @ 0.0000388
TP5= @ 0.0000426
TP6= @ 0.0000463
TP7= @ 0.0000497
TP8= @ 0.0000585
TP9= Free
Trade active: Weekly update: TP5 hit with 5358 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00003110 based on 'Valley' entry method at 09.12.2018.


Total Profit: 5358 pip
Closed trade(s): 3050 Profit
Open trade(s): 2328 Profit

Closed Profit:
TP1 @ 0.0000332 touched at 09.18.2018 with 210 Profit.
TP2 @ 0.0000348 touched at 09.20.2018 with 370 Profit.
TP3 @ 0.0000366 touched at 09.20.2018 with 550 Profit.
TP4 @ 0.0000388 touched at 09.21.2018 with 770 Profit.
TP5 @ 0.0000426 touched at 09.23.2018 with 1150 Profit.
210 + 370 + 550 + 770 + 1150 = 3050

Open Profit:
Profit for one trade is 0.00003692 (current price) - 0.00003110 (open price) = 582
4 trade(s) still open, therefore total profit for open trade(s) is 582 x 4 = 2328
All SLs moved to Break-even point.

Take Profit:
TP6= @ 0.0000463
TP7= @ 0.0000497
TP8= @ 0.0000585
TP9= Free
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