ForecastCity
Long

There is a possibility for the beginning of uptrend in XRPETH

BINANCE:XRPETH   Ripple / Ethereum
Technical analysis:
.RIPPLE/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 46.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.000979 to 0.000915). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000979)
Ending of entry zone (0.000915)

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:

Take Profits:
TP1= @ 0.001080
TP2= @ 0.001130
TP3= @ 0.001172
TP4= @ 0.001321
TP5= @ 0.001555
TP6= @ 0.002349
TP7= @ 0.003208
TP8= @ 0.003850
TP9= Free
Trade active: Weekly update: TP3 hit with 220423 profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00093753 based on '2-D Hammer' entry method at 08.11.2018.


Total Profit: 220423 pip
Closed trade(s): 56941 pip Profit
Open trade(s): 163482 pip Profit

Closed Profit:
TP1 @ 0.001080 touched at 08.17.2018 with 14247 Profit.
TP2 @ 0.001130 touched at 08.17.2018 with 19247 Profit.
TP3 @ 0.001172 touched at 08.17.2018 with 23447 Profit.
14247 + 19247 + 23447 = 56941

Open Profit:
Profit for one trade is 0.00121000 (current price) - 0.00093753 (open price) = 27247 pip
6 trade(s) still open, therefore total profit for open trade(s) is 27247 x 6 = 163482 pip

Take Profits:
TP4= @ 0.001321
TP5= @ 0.001555
TP6= @ 0.002349
TP7= @ 0.003208
TP8= @ 0.003850
TP9= Free
Trade active: Weekly update: TP4 hit with 288193 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00093753 based on '2-D Hammer' entry method at 08.11.2018.


Total Profit: 288193 pip
Closed trade(s): 95288 Profit
Open trade(s): 192905 Profit

Closed Profit:
TP1 @ 0.001080 touched at 08.17.2018 with 14247 Profit.
TP2 @ 0.001130 touched at 08.17.2018 with 19247 Profit.
TP3 @ 0.001172 touched at 08.17.2018 with 23447 Profit.
TP4 @ 0.001321 touched at 09.06.2018 with 38347 Profit.
14247 + 19247 + 23447 + 38347 = 95288

Open Profit:
Profit for one trade is 0.00132334 (current price) - 0.00093753 (open price) = 38581 pip
5 trade(s) still open, therefore total profit for open trade(s) is 38581 x 5 = 192905 pip
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.001555
TP6= @ 0.002349
TP7= @ 0.003208
TP8= @ 0.003850
TP9= Free
Trade active: Weekly update: TP5 hit with 404759 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00093753 based on '2-D Hammer' entry method at 08.11.2018.


Total Profit: 404759 pip
Closed trade(s): 157035 Profit
Open trade(s): 247724 Profit

Closed Profit:
TP1 @ 0.001080 touched at 08.17.2018 with 14247 Profit.
TP2 @ 0.001130 touched at 08.17.2018 with 19247 Profit.
TP3 @ 0.001172 touched at 08.17.2018 with 23447 Profit.
TP4 @ 0.001321 touched at 09.06.2018 with 38347 Profit.
TP5 @ 0.001555 touched at 09.12.2018 with 61747 Profit.
14247 + 19247 + 23447 + 38347 + 61747 = 157035

Open Profit:
Profit for one trade is 0.00155684 (current price) - 0.00093753 (open price) = 61931 pip
4 trade(s) still open, therefore total profit for open trade(s) is 61931 x 4 = 247724 pip
All SLs moved to Break-even point.

Take Profit:
TP6= @ 0.002349
TP7= @ 0.003208
TP8= @ 0.003850
TP9= Free

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