ForecastCity
Long

A trading opportunity to buy in WAVESETH

BINANCE:WAVESETH   Waves / Ethereum
Technical analysis:
. WAVES/ETHEREUM is in a range bound and the resumption of the uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.009121 to 0.007944). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.009121)
Ending of entry zone (0.007944)

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= @ 0.010244
TP2= @ 0.011041
TP3= @ 0.011669
TP4= @ 0.012590
TP5= @ 0.013967
TP6= Free
Trade active: Weekly update: TP5 hit with 32964 profit ...


Trade Setup:
We opened 6 BUY trade(s) @ 0.009014 based on 'Valley' entry method at 11.23.2018.

Total Profit: 32964
Closed trade(s): 14441 Profit
Open trade(s): 18523 Profit

Closed Profit:
TP1 @ 0.010244 touched at 11.29.2018 with 1230 Profit.
TP2 @ 0.011041 touched at 12.01.2018 with 2027 Profit.
TP3 @ 0.011669 touched at 12.01.2018 with 2655 Profit.
TP4 @ 0.012590 touched at 12.02.2018 with 3576 Profit.
TP5 @ 0.013967 touched at 12.03.2018 with 4953 Profit.
1230 + 2027 + 2655 + 3576 + 4953 = 14441

Open Profit:
Profit for one trade is 0.027537(current price) - 0.00.009014(open price) = 18523
1 trade(s) still open, therefore total profit for open trade(s) is 18523 x 1= 18523
All SLs moved to Break-even point.

Take Profit:
TP6= Free

Technical analysis:
The price is in an uptrend and we forecast the uptrend would continue.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 84.
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