Technical analysis: . POPULOUS/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 57. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.0145 to 0.0130). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0145) Ending of entry zone (0.0130)
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 9 BUY trade(s) @ 0.016082 based on ' Valley ' entry method at 09.04.2018.
Trade Setup: We opened 9 BUY trade(s) @ 0.016082 based on ' Valley ' entry method at 09.04.2018.
Total Profit: 14554 pip Closed trade(s): 2918 Profit Open trade(s): 24640 Profit
Closed Profit: TP1 @ 0.019000 touched at 09.07.2018 with 2918 Profit.
Open Profit: Profit for one trade is 0.019162 (current price) - 0.016082 (open price) = 3080 8 trade(s) still open, therefore total profit for open trade(s) is 3080 x 8 = 24640
Trade Setup: We opened 9 BUY trade(s) @ 0.016082 based on ' Valley ' entry method at 09.04.2018.
Total Profit: 27558 pip Closed trade(s): 2918 Profit Open trade(s): 24640 Profit
Closed Profit: TP1 @ 0.019000 touched at 09.07.2018 with 2918 Profit.
Open Profit: Profit for one trade is 0.019162 (current price) - 0.016082 (open price) = 3080 8 trade(s) still open, therefore total profit for open trade(s) is 3080 x 8 = 24640
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.