ForecastCity
Long

A trading opportunity to buy in PAYETH

BITTREX:PAYETH   TenX Pay Token / Ethereum
A trading opportunity to buy in PAYETH
Technical analysis:
. TENXPAYTOKEN/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 54.
. 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 (0.001900 to 0.001689). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.001900)
Ending of entry zone (0.001689)

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= @ 0.002201
TP2= @ 0.002464
TP3= @ 0.002791
TP4= @ 0.003047
TP5= @ 0.003347
TP6= @ 0.004062
TP7= @ 0.004775
TP8= @ 0.005793
TP9= @ 0.007087
TP10= Free
Trade active: Weekly update: TP4 hit with 687682 profit ...

Trade Setup:
We opened 10 BUY trade(s) @ 0.00177632 based on 'Valley' entry method at 08.17.2018.

Total Profit: 687682 pip
Closed trade(s): 153472 pip Profit
Open trade(s): 534210 pip Profit

Closed Profit:
TP1 @ 0.00186 touched at 08.19.2018 with 8368 Profit.
TP2 @ 0.00203 touched at 08.26.2018 with 25368 Profit.
TP3 @ 0.00230 touched at 08.27.2018 with 52368 Profit.
TP4 @ 0.00245 touched at 08.28.2018 with 67368 Profit.
8368 + 25368 + 52368 + 67368 = 153472

Open Profit:
Profit for one trade is 0.00266667 (current price) - 0.00177632 (open price) = 89035 pip
6 trade(s) still open, therefore total profit for open trade(s) is 89035 x 6 = 534210 pip

Take Profits:
TP5= @ 0.00288
TP6= @ 0.00335
TP7= @ 0.00430
TP8= @ 0.00570
TP9= @ 0.00744
TP10= Free
Comment: Correction:
The update descriptions is for Another chart. We apologize for this mistake
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