ForecastCity
Long

A trading opportunity to buy in XMRUSD

BITTREX:XMRETH   Monero / Ethereum
Technical analysis:
. MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.283)
Ending of entry zone (0.227)

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= @ 0.310
TP2= @ 0.339
TP3= @ 0.374
TP4= @ 0.455
TP5= @ 0.512
TP6= @ 0.593
TP7= @ 0.697
TP8= Free
Trade active: Weekly update: TP1 hit with 17372943 profit ...

Technical analysis:
Monero/Ethereum 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 60.

Trading suggestion:
*There is still a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.283)
Ending of entry zone (0.227)

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 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 8 BUY trade(s) @ 0.28887253 based on ' Valley ' entry method at 08.14.2018.

Total Profit: 17372943
Closed trade(s): 2112747 Profit
Open trade(s): 15260196 Profit

Closed Profit:
TP1 @ 0.310 touched at 08.14.2018 with 2112747 Profit.

Open Profit:
Profit for one trade is 0.31067281 (current price) - 0.28887253 (open price) = 2180028
7 trade(s) still open, therefore total profit for open trade(s) is 2180028 x 7 = 15260196
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.339
TP3= @ 0.374
TP4= @ 0.455
TP5= @ 0.512
TP6= @ 0.593
TP7= @ 0.697
TP8= Free

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Great analysis so far, keep it up!
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