ForecastCity

There is a Second Chance to Buy in ETHBTC ...

Long
BITFINEX:ETHBTC   Ethereum / Bitcoin
New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
*There is still a possibility of temporary retracement to suggested support line (0.07200). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Midterm forecast:
While the level 0.07200 is not broken, the Midterm wave will be uptrend.

Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 48.

Take Profits:
TP1= @ 0.06050
TP2= @ 0.07200
TP3= @ 0.07750
TP4= @ 0.08600
TP5= @ 0.10000
TP6= @ 0.11050
TP7= @ 0.12150
TP8= @ 0.15150
TP9= Free

Trade Setup:
We opened 9 BUY trade(s) @ 0.05474 based on 'Hammer' entry method at 2018.04.04.
Total Profit: 17562 pip
Closed trade(s): 4578 pip Profit
Open trade(s): 12984 pip Profit

Closed Profit:
TP1 @ 0.06050 touched at 2018.04.11 with 576 pip Profit.
TP2 @ 0.07200 touched at 2018.04.24 with 1726 pip Profit.
TP3 @ 0.07750 touched at 2018.05.03 with 2276 pip Profit.
576 + 1726 + 2276 = 4578 pip

Open Profit:
Profit for one trade is 0.07638(current price) - 0.05474(open price) = 2164 pip
6 trade(s) still open, therefore total profit for open trade(s) is 2164 x 6 = 12984 pip

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