Ethereum sell for short termEthereum sell for short duration, over the eclipse strong supply, lot of expectation to reach Rectangle zone 2712.00
Ethereum-dollar
A second Chance to Buy in Ethereum...Midterm forecast:
250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 71.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (250.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (250.00).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 12 BUY trade(s) @ 211.39 based on 'Valley' entry method at 2018.09.13.
Total Profit: 112222 pip
Closed trade(s): 15112 pip Profit
Open trade(s): 97110 pip Profit
Closed Profit:
TP1 @ 264.80 touched at 2019.05.16 with 5341 pip Profit.
TP2 @ 309.10 touched at 2019.06.22 with 9771 pip Profit.
5341 + 9771 = 15112
Open Profit:
Profit for one trade is 308.50 (current price) - 211.39 (open price) = 9711 pip
10 trade(s) still open, therefore total profit for open trade(s) is 9711 x 10 = 97110 pip
All SLs moved to Break-even point.
Take Profits:
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950
TP12= Free
There is a Second Chance to Buy in ETHUSD ...New trading suggestion:
*The price is in an uptrend and we forecast the uptrend would continue.
* There is still a possibility of temporary retracement to suggested support line (496.730). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 496.730 is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the support #1 at 30 and it prevented the price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.
Take Profits:
TP1= @ 475.300
TP2= @ 553.100
TP3= @ 630.500
TP4= @ 729.300
TP5= @ 864.550
TP6= @ 970.450
TP7= @ 1151.600
TP8= @ 1229.700
TP9= @ 1415.950
TP10= Free
Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.
Total Profit: 1584266 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 877038 pip Profit
Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip
Open Profit:
Profit for one trade is 566.416(current price) - 420.243(open price) = 146173 pip
6 trade(s) still open, therefore total profit for open trade(s) is 146173 x 6 = 877038 pip
