ForecastCity
Long

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

POLONIEX:XMRBTC   Monero / Bitcoin
Technical analysis:
. MONERO/BITCOIN 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 62.
. 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:
. There is a possibility of temporary retracement to suggested support zone (0.0153 to 0.0141). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0153)
Ending of entry zone (0.0141)

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= @ 0.0167
TP2= @ 0.0180
TP3= @ 0.0191
TP4= @ 0.0200
TP5= @ 0.0211
TP6= @ 0.0220
TP7= @ 0.0232
TP8= @ 0.0249
TP9= @ 0.0262
TP10= @ 0.0273
TP11= @ 0.0304
TP12= @ 0.0320
TP13= Free
Trade active: Weekly update: TP1 hit with 1335500 pip profit ...


Trade Setup:
We opened 13 BUY trade(s) @ 0.01642500 based on 'Hammer' entry method at 09.12.2018.


Total Profit: 1335500 pip
Closed trade(s): 27500 Profit
Open trade(s): 1308000 Profit

Closed Profit:
TP1 @ 0.0167 touched at 09.13.2018 with 27500 Profit.

Open Profit:
Profit for one trade is 0.01751500 (current price) - 0.01642500 (open price) = 109000
12 trade(s) still open, therefore total profit for open trade(s) is 109000 x 12 = 1308000

Take Profit:
TP2= @ 0.0180
TP3= @ 0.0191
TP4= @ 0.0200
TP5= @ 0.0211
TP6= @ 0.0220
TP7= @ 0.0232
TP8= @ 0.0249
TP9= @ 0.0262
TP10= @ 0.0273
TP11= @ 0.0304
TP12= @ 0.0320
TP13= Free
Trade active: Weekly update: TP2 hit with 2165011 pip profit ...


Trade Setup:
We opened 13 BUY trade(s) @ 0.01642500 based on 'Hammer' entry method at 09.12.2018.


Total Profit: 2165011 pip
Closed trade(s): 185000 Profit
Open trade(s): 1980011 Profit

Closed Profit:
TP1 @ 0.0167 touched at 09.13.2018 with 27500 Profit.
TP2 @ 0.0180 touched at 09.15.2018 with 157500 Profit.
27500 + 157500 = 185000

Open Profit:
Profit for one trade is 0.01822501 (current price) - 0.01642500 (open price) = 180001
11 trade(s) still open, therefore total profit for open trade(s) is 180001 x 11 = 1980011

Take Profit:
TP3= @ 0.0191
TP4= @ 0.0200
TP5= @ 0.0211
TP6= @ 0.0220
TP7= @ 0.0232
TP8= @ 0.0249
TP9= @ 0.0262
TP10= @ 0.0273
TP11= @ 0.0304
TP12= @ 0.0320
TP13= Free
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