ForecastCity
Long

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

BINANCE:NEOETH   NEO / Ethereum
Technical analysis:
. NEO/ETHEREUM is in a downtrend 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 48.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0603 to 0.0550). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0603)
Ending of entry zone (0.0550)

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= @ 0.0660
TP2= @ 0.0738
TP3= @ 0.0807
TP4= @ 0.0876
TP5= @ 0.0968
TP6= @ 0.1096
TP7= @ 0.1226
TP8= @ 0.1645
TP9= Free
Trade active: Weekly update: TP2 hit with 34380 profit ...


Trading suggestion:
There is still a possibility of temporary retracement to suggested support zone (0.0603 to 0.0550). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0603)
Ending of entry zone (0.0550)

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 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 9 BUY trade(s) @ 0.064232 based on '2-Day Hammer' entry method at 08.23.2018.


Total Profit: 34380 pip
Closed trade(s): 11336 pip Profit
Open trade(s): 23044 pip Profit

Closed Profit:
TP1 @ 0.0660 touched at 08.27.2018 with 1768 Profit.
TP2 @ 0.0738 touched at 08.28.2018 with 9568 Profit.
1768 + 9568 = 11336

Open Profit:
Profit for one trade is 0.067524 (current price) - 0.064232 (open price) = 3292 pip
7 trade(s) still open, therefore total profit for open trade(s) is 3292 x 7 = 23044 pip

Take Profits:
TP3= @ 0.0807
TP4= @ 0.0876
TP5= @ 0.0968
TP6= @ 0.1096
TP7= @ 0.1226
TP8= @ 0.1645
TP9= Free
Trade active: Weekly update: TP4 hit with 158887 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.064232 based on '2-Day Hammer' entry method at 08.23.2018.


Total Profit: 158887 pip
Closed trade(s): 51172 Profit
Open trade(s): 107715 Profit

Closed Profit:
TP1 @ 0.0660 touched at 08.27.2018 with 1768 Profit.
TP2 @ 0.0738 touched at 08.28.2018 with 9568 Profit.
TP3 @ 0.0807 touched at 09.02.2018 with 16468 Profit.
TP4 @ 0.0876 touched at 09.03.2018 with 23368 Profit.
1768 + 9568 + 16468 + 23368 = 51172


Open Profit:
Profit for one trade is 0.085775 (current price) - 0.064232 (open price) = 21543 pip
5 trade(s) still open, therefore total profit for open trade(s) is 21543 x 5 = 107715 pip
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.0968
TP6= @ 0.1096
TP7= @ 0.1226
TP8= @ 0.1645
TP9= Free
Trade active: Weekly update: TP5 hit with 214656 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.064232 based on '2-Day Hammer' entry method at 08.23.2018.


Total Profit: 214656 pip
Closed trade(s): 83740 Profit
Open trade(s): 130916 Profit

Closed Profit:
TP1 @ 0.0660 touched at 08.27.2018 with 1768 Profit.
TP2 @ 0.0738 touched at 08.28.2018 with 9568 Profit.
TP3 @ 0.0807 touched at 09.02.2018 with 16468 Profit.
TP4 @ 0.0876 touched at 09.03.2018 with 23368 Profit.
TP5 @ 0.0968 touched at 09.10.2018 with 32568 Profit.
1768 + 9568 + 16468 + 23368 + 32568 = 83740

Open Profit:
Profit for one trade is 0.096961 (current price) - 0.064232 (open price) = 32729 pip
4 trade(s) still open, therefore total profit for open trade(s) is 32729 x 4 = 130916 pip
All SLs moved to Break-even point.

Take Profit:
TP6= @ 0.1096
TP7= @ 0.1226
TP8= @ 0.1645
TP9= Free
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