Technical analysis: . BINANCECOIN/ETHEREUM is in an uptrend and continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75.
Trading suggestion: . The price is in an uptrend and we forecast the uptrend would continue. . There is a possibility of temporary retracement to suggested support zone (0.02503 to 0.02330). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02503) Ending of entry zone (0.02330)
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= @ 0.02669 TP2= @ 0.02871 TP3= @ 0.03075 TP4= @ 0.03450 TP5= Free
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Weekly update: TP5 hit with 24403 pip profit ...
Trade Setup: We opened 5 BUY trade(s) @ 0.027570 based on 'Valley' entry method at 07.25.2018.
Total Profit: 24403 pip Closed trade(s): 11250 Profit Open trade(s): 13153 Profit
Closed Profit: TP1 @ 0.02669 touched with 0 Profit. TP2 @ 0.02871 touched at 07.26.2018 with 1140 Profit. TP3 @ 0.03075 touched at 07.28.2018 with 3180 Profit. TP4 @ 0.03450 touched at 07.28.2018 with 6930 Profit. 0 + 1140 + 3180 + 6930 = 11250
Open Profit: Profit for one trade is 0.040723 (current price) - 0.027570 (open price) = 13153 1 trade(s) still open, therefore total profit for open trade(s) is 13153 x 1 = 13153 All SLs moved to Break-even point.
Take Profit: TP5= Free
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Weekly update: TP5 hit with 27672 pip profit ...
Trade Setup: We opened 5 BUY trade(s) @ 0.027570 based on 'Valley' entry method at 07.25.2018.
Total Profit: 14554 pip Closed trade(s): 16422 Profit Open trade(s): 11250 Profit
Closed Profit: TP1 @ 0.02669 touched with 0 Profit. TP2 @ 0.02871 touched at 07.26.2018 with 1140 Profit. TP3 @ 0.03075 touched at 07.28.2018 with 3180 Profit. TP4 @ 0.03450 touched at 07.28.2018 with 6930 Profit. 0 + 1140 + 3180 + 6930 = 11250
Open Profit: Profit for one trade is 0.043992 (current price) - 0.027570 (open price) = 16422 1 trade(s) still open, therefore total profit for open trade(s) is 16422 x 1 = 16422 All SLs moved to Break-even point.