ForecastCity
Long

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

BITFINEX:QSHETH   QASH / Ethereum
Technical analysis:
. QASH/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 56.
. While the RSI downtrend 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 (0.0009770 to 0.0008310). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0009770)
Ending of entry zone (0.0008310)

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= @ 0.0012060
TP2= @ 0.0013020
TP3= @ 0.0014150
TP4= @ 0.0015120
TP5= @ 0.0018140
TP6= @ 0.0021960
TP7= Free
Trade active: Weekly update: TP5 hit with 40299 pip profit ...


Trade Setup:
We opened 7 BUY trade(s) @ 0.0010243 based on 'Hammer' entry method at 11.05.2018.


Total Profit: 40299 pip
Closed trade(s): 21275 Profit
Open trade(s): 19024 Profit

Closed Profit:
TP1 @ 0.0012060 touched at 11.15.2018 with 1817 Profit.
TP2 @ 0.0013020 touched at 11.19.2018 with 2777 Profit.
TP3 @ 0.0014150 touched at 11.20.2018 with 3907 Profit.
TP4 @ 0.0015120 touched at 11.20.2018 with 4877 Profit.
TP5 @ 0.0018140 touched at 11.25.2018 with 7897 Profit.
1817 + 2777 + 3907 + 4877 + 7897 = 21275

Open Profit:
Profit for one trade is 0.0010243 (current price) - 0.0019755 (open price) = 9512
2 trade(s) still open, therefore total profit for open trade(s) is 9512 x 2 = 19024
All SLs moved to Break-even point.

Take Profit:
TP6= @ 0.0021960
TP7= Free
Trade active: Weekly update: TP6 hit with 45555 profit ...


Trade Setup:
We opened 7 BUY trade(s) @ 0.0010243 based on 'Hammer' entry method at 11.05.2018.

Total Profit: 45555
Closed trade(s): 32992 Profit
Open trade(s): 12563 Profit

Closed Profit:
TP1 @ 0.0012060 touched at 11.15.2018 with 1817 Profit.
TP2 @ 0.0013020 touched at 11.19.2018 with 2777 Profit.
TP3 @ 0.0014150 touched at 11.20.2018 with 3907 Profit.
TP4 @ 0.0015120 touched at 11.20.2018 with 4877 Profit.
TP5 @ 0.0018140 touched at 11.25.2018 with 7897 Profit.
TP6 @ 0.0021960 touched at 12.06.2018 with 11717 Profit.
1817 + 2777 + 3907 + 4877 + 7897 + 11717 = 32992

Open Profit:
Profit for one trade is 0.0022806(current price) - 0.0010243(open price) = 12563
1 trade(s) still open, therefore total profit for open trade(s) is 12563 x 1 = 12563

Take Profit:
TP7= Free

Technical analysis:
Qash/Ethereum is in an uptrend and continuation of the uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 70.
All SLs moved to Break-even point.
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