ForecastCity
Long

There is a possibility for the resumption of uptrend in RDDBTC

BITTREX:RDDBTC   ReddCoin / Bitcoin
Technical analysis:
Reddcoin/Bitcoin is in a range bound and the resumption of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.

Trading suggestion:
Price is in the support zone (0.00000055 to 0.00000046), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (0.00000055)
Ending of entry zone (0.00000046)

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:

Take Profits:
TP1= @ 0.00000063
TP2= @ 0.00000069
TP3= @ 0.00000074
TP4= @ 0.00000079
TP5= @ 0.00000093
TP6= @ 0.00000113
TP7= @ 0.00000133
TP8= @ 0.00000196
TP9= Free
Trade active: Weekly update: TP2 hit with 124 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00000053 based on '2-Day Hammer' entry method at 09.23.2018.


Total Profit: 124 pip
Closed trade(s): 26 Profit
Open trade(s): 98 Profit

Closed Profit:
TP1 @ 0.00000063 touched at 09.29.2018 with 10 Profit.
TP2 @ 0.00000069 touched at 09.29.2018 with 16 Profit.
10 + 16 = 26

Open Profit:
Profit for one trade is 0.00000067 (current price) - 0.00000053 (open price) = 14
7 trade(s) still open, therefore total profit for open trade(s) is 14 x 7 = 98

Take Profit:
TP3= @ 0.00000074
TP4= @ 0.00000079
TP5= @ 0.00000093
TP6= @ 0.00000113
TP7= @ 0.00000133
TP8= @ 0.00000196
TP9= Free
Trade active: Weekly update: TP4 hit with 118 pip profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00000053 based on '2-Day Hammer' entry method at 09.23.2018.


Total Profit: 118 pip
Closed trade(s): 73 Profit
Open trade(s): 45 Profit

Closed Profit:
TP1 @ 0.00000063 touched at 09.29.2018 with 10 Profit.
TP2 @ 0.00000069 touched at 09.29.2018 with 16 Profit.
TP3 @ 0.00000074 touched at 09.30.2018 with 21 Profit.
TP4 @ 0.00000079 touched at 09.30.2018 with 26 Profit.
10 + 16 + 21 + 26 = 73

Open Profit:
Profit for one trade is 0.00000062 (current price) - 0.00000053 (open price) = 9
5 trade(s) still open, therefore total profit for open trade(s) is 9 x 5 = 45
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.00000093
TP6= @ 0.00000113
TP7= @ 0.00000133
TP8= @ 0.00000196
TP9= Free
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