ForecastCity
Long

There is a possibility for the beginning of uptrend in ZECETH

POLONIEX:ZECETH   Zcash / Ethereum
Technical analysis:
. ZCASH/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 44.
. 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 (0.362 to 0.329). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.362)
Ending of entry zone (0.329)

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= @ 0.435
TP2= @ 0.518
TP3= @ 0.565
TP4= @ 0.710
TP5= @ 0.828
TP6= @ 0.946
TP7= @ 1.049
TP8= @ 1.252
TP9= Free
Trade active: Weekly update: TP1 hit with 88677543 profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.36852249 based on ' Valley ' entry method at 07.10.2018.

Total Profit: 88677543
Closed trade(s): 6647751 Profit
Open trade(s): 82029792 Profit

Closed Profit:
TP1 @ 0.435 touched at 07.13.2018 with 6647751 Profit.

Open Profit:
Profit for one trade is 0.47105973 (current price) - 0.36852249 (open price) = 10253724
8 trade(s) still open, therefore total profit for open trade(s) is 10253724 x 8 = 82029792
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.518
TP3= @ 0.565
TP4= @ 0.710
TP5= @ 0.828
TP6= @ 0.946
TP7= @ 1.049
TP8= @ 1.252
TP9= Free

Technical analysis:
Zcash/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 68.

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