ForecastCity_ME

ETHBTC Update: Profit=64800 SL=10200 Reward/Risk > 6.3:1

Long
BITFINEX:ETHBTC   Ethereum / Bitcoin
Trade Setup summary:

Profit targets=64800 pip (2000 + 3900 + 6300 + 12300 + 17100 +23200)
Stop Loss =10200 pip
Reward/Risk > 6.3: 1

Current Status:

Total Profit: 27850 pip
Closed trade(s): 27850 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 5 BUY trade(s) @ 0.025330 based on 'previous Forecast' at 2020.07.16 :

Closed Profit:
TP1 @ 0.02650 touched at 2020.07.22 with 1170 pip Profit.
TP2 @ 0.02850 touched at 2020.07.23 with 3170 pip Profit.
TP3 @ 0.03060 touched at 2020.07.25 with 5270 pip Profit.
TP4 @ 0.03360 touched at 2020.08.02 with 8270 pip Profit.
TP5 @ 0.03530 touched at 2020.08.14 with 9970 pip Profit.
1170 + 3170 + 5270 + 8270 + 9970 = 27850

Technical analysis:
. ETHBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.03530) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

New Take Profits:
TP5= @ 0.0373
TP1= @ 0.0392 (New)
TP2= @ 0.0416 (New)
TP3= @ 0.0476 (New)
TP4= @ 0.0524 (New)
TP5= @ 0.0585 (New)

SL= Break below 0.0336

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Comments

Very helpful.
+1 Reply
ForecastCity_ME Josef_anderson
@Josef_anderson, We appreciate your comment.🙏
+1 Reply
Thanks bro, good work! 👍
+1 Reply
@Kamryn, Thank you! We appreciate your comment.🙏
+1 Reply
This is great.
+1 Reply
@Sir_Ray, Thank you!
+1 Reply
perfect analysis. 👍
+1 Reply
@Kristalyn, Thank you! We appreciate your comment.🙏
+1 Reply
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