ETHBTC Update: Profit=64800 SL=10200 Reward/Risk > 6.3:1
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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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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️