ForecastCity
Long

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

POLONIEX:XRPBTC   Ripple / Bitcoin
Technical analysis:
. RIPPLE/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 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 (0.000055 to 0.000045). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000055)
Ending of entry zone (0.000045)

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= @ 0.0000695
TP2= @ 0.0000784
TP3= @ 0.0000893
TP4= @ 0.0001047
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free
Trade active: Weekly update: TP4 hit with 31084 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00005568 based on 'Valley' entry method at 08.17.2018.


Total Profit: 31084 pip
Closed trade(s): 16819 Profit
Open trade(s): 14265 Profit

Closed Profit:
TP1 @ 0.0000695 touched at 09.20.2018 with 1381 Profit.
TP2 @ 0.0000784 touched at 09.21.2018 with 2272 Profit.
TP3 @ 0.0000893 touched at 09.21.2018 with 3362 Profit.
TP4 @ 0.0001047 touched at 09.21.2018 with 4902 Profit.
1381 + 2272 + 3362 + 4902 = 16819

Open Profit:
Profit for one trade is 0.00008421 (current price) - 0.00005568 (open price) = 2853
5 trade(s) still open, therefore total profit for open trade(s) is 2853 x 5 = 14265
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.0001191
TP6= @ 0.0001400
TP7= @ 0.0001780
TP8= @ 0.0002288
TP9= Free

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