ForecastCity
Long

A trading opportunity to buy in DOGEUSD

POLONIEX:DOGEUSD   Dogecoin / US Dollar (calculated by TradingView)
Technical analysis:
. DOGECOIN/DOLLAR 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.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.

Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0026 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0026)
Ending of entry zone (0.0015)

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= @ 0.0039
TP2= @ 0.0047
TP3= @ 0.0059
TP4= @ 0.0074
TP5= @ 0.0101
TP6= @ 0.0183
TP7= Free
Trade active: Weekly update: TP1 hit with 525900 profit ...

Trading suggestion:
*There is still a possibility of temporary retracement to suggested support zone (0.0026 to 0.0015). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0026)
Ending of entry zone (0.0015)

Entry signal:
Signal to enter the market occurs when the price comes to "support 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 special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.00289356(day close price) based on the reversal candle ( Hammer ) at 07.16.2018.
Total Profit: 525900
Closed trade(s): 100644 Profit
Open trade(s): 425256 Profit

Closed Profit:
TP1 @ 0.0039 touched at 07.16.2018 with 100644 Profit.

Open Profit:
Profit for one trade is 0.00360232(current price) -0.00074254(open price) = 70876
6 trade(s) still open, therefore total profit for open trade(s) is 70876 x 6 = 425256
All SLs moved to Break-even point.

Take Profits:
TP2= @ 0.0047
TP3= @ 0.0059
TP4= @ 0.0074
TP5= @ 0.0101
TP6= @ 0.0183
TP7= Free

Technical analysis:
Dogecoin/Dollar 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.
The RSI is at 66.
HighAccurate forecast for
★36 Forex Pairs: 750,000 pips track record profit
★34 Cryptos
★Gold, Silver, Oils, Gas
★Best Profitable Trading Strategies

in 8 languages

since 2007

http://www.ForecastCity.com
★FREE Telegram http://t.me/forecastcity_com

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out