ForecastCity
Long

There is a possibility for the beginning of an uptrend in LTCETH

BINANCE:LTCETH   Litecoin / Ethereum
Technical analysis:
. LITECOIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.

Trading suggestion:
. We opened 10 BUY trade(s) @ 0.18172 (day close price) based on a reversal candle ( Valley ) at 08.11.2018
. There is a possibility of temporary retracement to suggested support zone (0.17800 to 0.16600). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.17800)
Ending of entry zone (0.16600)

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 the 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= @ 0.2044
TP2= @ 0.2188
TP3= @ 0.2344
TP4= @ 0.2519
TP5= @ 0.2673
TP6= @ 0.2901
TP7= @ 0.3285
TP8= @ 0.3830
TP9= @ 0.4524
TP10= Free
Trade active: Weekly update: TP1 hit with 21042 profit ...


Technical analysis:
Litecoin/Ethereum 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.
Relative strength index ( RSI ) is 70.

Trading suggestion:
*There is a possibility of temporary retracement to suggested support zone (0.17800 to 0.16600). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.17800)
Ending of entry zone (0.16600)

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 the 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:


Trade Setup:
. We opened 10 BUY trade(s) @ 0.18172 (day close price) based on a reversal candle ( Valley ) at 08.11.2018

Total Profit: 21042
Closed trade(s): 2268 Profit
Open trade(s): 18774 Profit

Closed Profit:
TP1 @ 0.2044 touched at 08.14.2018 with 2268 Profit.

Open Profit:
Profit for one trade is 0.20258 (current price) - 0.18172 (open price) = 2086
9 trade(s) still open, therefore total profit for open trade(s) is 2086 x 9 = 18774
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.2188
TP3= @ 0.2344
TP4= @ 0.2519
TP5= @ 0.2673
TP6= @ 0.2901
TP7= @ 0.3285
TP8= @ 0.3830
TP9= @ 0.4524
TP10= Free
Comment: Weekly update: TP3 hit with 50808 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.18172 based on 'Valley' entry method at 08.11.2018


Total Profit: 50808 pip
Closed trade(s): 11244 Profit
Open trade(s): 39564 Profit

Closed Profit:
TP1 @ 0.2044 touched at 08.14.2018 with 2268 Profit.
TP2 @ 0.2188 touched at 08.31.2018 with 3708 Profit.
TP3 @ 0.2344 touched at 09.04.2018 with 5268 Profit.
2268 + 3708 + 5268 = 11244

Open Profit:
Profit for one trade is 0.23824 (current price) - 0.18172 (open price) = 5652
7 trade(s) still open, therefore total profit for open trade(s) is 5652 x 7 = 39564
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.2519
TP5= @ 0.2673
TP6= @ 0.2901
TP7= @ 0.3285
TP8= @ 0.3830
TP9= @ 0.4524
TP10= Free
Comment: Weekly update: TP4 hit with 55984 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.18172 based on 'Valley' entry method at 08.11.2018


Total Profit: 55984 pip
Closed trade(s): 18262 Profit
Open trade(s): 37722 Profit

Closed Profit:
TP1 @ 0.2044 touched at 08.14.2018 with 2268 Profit.
TP2 @ 0.2188 touched at 08.31.2018 with 3708 Profit.
TP3 @ 0.2344 touched at 09.04.2018 with 5268 Profit.
TP4 @ 0.2519 touched at 09.05.2018 with 7018 Profit.
2268 + 3708 + 5268 + 7018 = 18262

Open Profit:
Profit for one trade is 0.24459 (current price) - 0.18172 (open price) = 6287
6 trade(s) still open, therefore total profit for open trade(s) is 6287 x 6 = 37722
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.2673
TP6= @ 0.2901
TP7= @ 0.3285
TP8= @ 0.3830
TP9= @ 0.4524
TP10= Free
Trade active: Weekly update: TP5 hit with 75055 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.18172 based on 'Valley' entry method at 08.11.2018


Total Profit: 75055 pip
Closed trade(s): 26820 Profit
Open trade(s): 48235 Profit

Closed Profit:
TP1 @ 0.2044 touched at 08.14.2018 with 2268 Profit.
TP2 @ 0.2188 touched at 08.31.2018 with 3708 Profit.
TP3 @ 0.2344 touched at 09.04.2018 with 5268 Profit.
TP4 @ 0.2519 touched at 09.05.2018 with 7018 Profit.
TP5 @ 0.2673 touched at 09.08.2018 with 8558 Profit.
2268 + 3708 + 5268 + 7018 + 8558 = 26820

Open Profit:
Profit for one trade is 0.27819 (current price) - 0.18172 (open price) = 9647
5 trade(s) still open, therefore total profit for open trade(s) is 9647 x 5 = 48235
All SLs moved to Break-even point.

Take Profit:
TP6= @ 0.2901
TP7= @ 0.3285
TP8= @ 0.3830
TP9= @ 0.4524
TP10= Free
Trade active: Weekly update: TP6 hit with 78906 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.18172 based on 'Valley' entry method at 08.11.2018


Total Profit: 78906 pip
Closed trade(s): 37658 Profit
Open trade(s): 41248 Profit

Closed Profit:
TP1 @ 0.2044 touched at 08.14.2018 with 2268 Profit.
TP2 @ 0.2188 touched at 08.31.2018 with 3708 Profit.
TP3 @ 0.2344 touched at 09.04.2018 with 5268 Profit.
TP4 @ 0.2519 touched at 09.05.2018 with 7018 Profit.
TP5 @ 0.2673 touched at 09.08.2018 with 8558 Profit.
TP6 @ 0.2901 touched at 09.12.2018 with 10838 Profit.
2268 + 3708 + 5268 + 7018 + 8558 + 10838 = 37658

Open Profit:
Profit for one trade is 0.28484 (current price) - 0.18172 (open price) = 10312
4 trade(s) still open, therefore total profit for open trade(s) is 10312 x 4 = 41248
All SLs moved to Break-even point.

Take Profit:
TP7= @ 0.3285
TP8= @ 0.3830
TP9= @ 0.4524
TP10= Free
Trade active: Weekly update: TP8 hit with 104020 pip profit ...

Trade Setup:
We opened 10 BUY trade(s) @ 0.18172 based on 'Valley' entry method at 08.11.2018

Total Profit: 104020 pip
Closed trade(s): 72464 Profit
Open trade(s): 31556 Profit

Closed Profit:
TP1 @ 0.2044 touched at 08.14.2018 with 2268 Profit.
TP2 @ 0.2188 touched at 08.31.2018 with 3708 Profit.
TP3 @ 0.2344 touched at 09.04.2018 with 5268 Profit.
TP4 @ 0.2519 touched at 09.05.2018 with 7018 Profit.
TP5 @ 0.2673 touched at 09.08.2018 with 8558 Profit.
TP6 @ 0.2901 touched at 09.12.2018 with 10838 Profit.
TP7 @ 0.3285 touched at 02.08.2019 with 14678 Profit.
TP8 @ 0.3830 touched at 02.09.2019 with 20128 Profit.
2268 + 3708 + 5268 + 7018 + 8558 + 10838 + 14678 + 20128 = 72464

Open Profit:
Profit for one trade is 0.33950(current price) - 0.18172 (open price) = 15778
2 trade(s) still open, therefore total profit for open trade(s) is 15778 x 2 = 31556
All SLs moved to Break-even point.

Take Profit:
TP9= @ 0.4524
TP10= Free
Trade active: Weekly update: TP9 hit with 132693 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.18172 based on 'Valley' entry method at 08.11.2018


Total Profit: 132693 pip
Closed trade(s): 99532 Profit
Open trade(s): 33161 Profit

Closed Profit:
TP1 @ 0.2044 touched at 08.14.2018 with 2268 Profit.
TP2 @ 0.2188 touched at 08.31.2018 with 3708 Profit.
TP3 @ 0.2344 touched at 09.04.2018 with 5268 Profit.
TP4 @ 0.2519 touched at 09.05.2018 with 7018 Profit.
TP5 @ 0.2673 touched at 09.08.2018 with 8558 Profit.
TP6 @ 0.2901 touched at 09.12.2018 with 10838 Profit.
TP7 @ 0.3285 touched at 02.08.2019 with 14678 Profit.
TP8 @ 0.3830 touched at 02.09.2019 with 20128 Profit.
TP9 @ 0.4524 touched at 04.02.2019 with 20128 Profit.
2268 + 3708 + 5268 + 7018 + 8558 + 10838 + 14678 + 20128 + 27068 = 99532

Open Profit:
Profit for one trade is 0.51333 (current price) - 0.18172 (open price) = 33161
1 trade(s) still open, therefore total profit for open trade(s) is 33161 x 1 = 33161 pip
All SLs moved to Break-even point.

Take Profit:
TP10= Free
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thx
+1 Reply
@sakidrug, thanks for your comment
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