ForecastCity
Long

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

BINANCE:XVGETH   Verge / Ethereum
Technical analysis:
. Verge/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. The price downtrend in the daily chart is 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 (0.00004020 to 0.00002930). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00004020)
Ending of entry zone (0.00002930)

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= @ 0.0000490
TP2= @ 0.0000565
TP3= @ 0.0000625
TP4= @ 0.0000700
TP5= @ 0.0000796
TP6= @ 0.0000968
TP7= @ 0.0001186
TP8= @ 0.0001453
TP9= @ 0.0002030
TP10= Free
Trade active: Weekly update: TP3 hit with 14554 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.00008418 based on 'Valley' entry method at 08.24.2018.


Total Profit: 14554 pip
Closed trade(s): 2346 Profit
Open trade(s): 12208 Profit

Closed Profit:
TP1 @ 0.0000490 touched at 08.25.2018 with 82 Profit.
TP2 @ 0.0000565 touched at 09.01.2018 with 832 Profit.
TP3 @ 0.0000625 touched at 09.01.2018 with 1432 Profit.
82 + 832 + 1432 = 2346

Open Profit:
Profit for one trade is 0.00006562 (current price) - 0.00004818 (open price) = 1744
7 trade(s) still open, therefore total profit for open trade(s) is 1744 x 7 = 12208
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.0000700
TP5= @ 0.0000796
TP6= @ 0.0000968
TP7= @ 0.0001186
TP8= @ 0.0001453
TP9= @ 0.0002030
TP10= Free
Trade active: Weekly update: TP4 hit with 13954 pip profit ...


Trade Setup:
We opened 10 BUY trade(s) @ 0.00008418 based on 'Valley' entry method at 08.24.2018.


Total Profit: 13954 pip
Closed trade(s): 4528 Profit
Open trade(s): 9426 Profit

Closed Profit:
TP1 @ 0.0000490 touched at 08.25.2018 with 82 Profit.
TP2 @ 0.0000565 touched at 09.01.2018 with 832 Profit.
TP3 @ 0.0000625 touched at 09.01.2018 with 1432 Profit.
TP4 @ 0.0000700 touched at 09.12.2018 with 2182 Profit.
82 + 832 + 1432 + 2182 = 4528

Open Profit:
Profit for one trade is 0.00006389 (current price) - 0.00004818 (open price) = 1571
6 trade(s) still open, therefore total profit for open trade(s) is 1571 x 6 = 9426
All SLs moved to Break-even point.

Take Profit:
TP5= @ 0.0000796
TP6= @ 0.0000968
TP7= @ 0.0001186
TP8= @ 0.0001453
TP9= @ 0.0002030
TP10= Free
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