Technical analysis: . ZILLIQA/ETHEREUM is in a range bound and the resumption of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00015000 to 0.00013880). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00015000) Ending of entry zone (0.00013880)
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= @ 0.00016100 TP2= @ 0.00016580 TP3= @ 0.00017400 TP4= @ 0.00018000 TP5= @ 0.00018770 TP6= @ 0.00021700 TP7= @ 0.00028000 TP8= Free
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Weekly update: TP3 hit with 11656 pip profit ...
Trade Setup: We opened 8 BUY trade(s) @ 0.00015248 based on 'Hammer' entry method at 09.30.2018.
Total Profit: 11656 pip Closed trade(s): 4336 Profit Open trade(s): 7320 Profit
Closed Profit: TP1 @ 0.00016100 touched at 10.01.2018 with 852 Profit. TP2 @ 0.00016580 touched at 10.02.2018 with 1332 Profit. TP3 @ 0.00017400 touched at 10.02.2018 with 2152 Profit. 852 + 1332 + 2152 = 4336
Open Profit: Profit for one trade is 0.00016712 (current price) - 0.00015248 (open price) = 1464 5 trade(s) still open, therefore total profit for open trade(s) is 1464 x 5 = 7320 All SLs moved to Break-even point.