ForecastCity

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

Long
COINBASE:ETHUSD   Ethereum / U.S. Dollar
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 (496.730). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Midterm forecast:
While the level 496.730 is not broken, the Midterm wave will be uptrend.

Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented the price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 42.

Take Profits:
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free

Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.
Total Profit: 1584266 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 877038 pip Profit

Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip

Open Profit:
Profit for one trade is 566.416(current price) - 420.243(open price) = 146173 pip
6 trade(s) still open, therefore total profit for open trade(s) is 146173 x 6 = 877038 pip

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