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Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (440.05). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSDT 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 50.
Take Profits:
TP1= @ 455.40
TP2= @ 468.65
TP3= @ 484.65
TP4= @ 522.10
TP5= @ 552.60
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHBTCMidterm forecast:
While the price is above the support 0.02450, resumption of uptrend is expected.
We make sure when the resistance at 0.03085 breaks.
If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the uptrend #1 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.02750 on 11/04/2020, so more gains maximum to Major Resistance (0.03085) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.
Take Profits:
TP1= 0.03085
TP2= 0.03330
TP3= 0.03600
TP4= 0.04045
TP5= 0.04850
TP6= 0.05695
TP7= 0.06955
TP8= 0.08550
TP9= Free
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💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (389.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSDT 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 63.
Take Profits:
TP1= @ 409.05
TP2= @ 420.80
TP3= @ 447.80
TP4= @ 486.40
SL= Break below S2
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ForecastCity English Support Team ❤️
💡ETHUSDT Second Chance: Profit=40% SL=7.5% Reward/Risk > 5.3:1Second Chance Trade Setup summary:
Profit targets=40% = {TP3= 4% + TP4= 12% + TP5= 24%}
Stop Loss =7.5%
Reward/Risk > 5.3:1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (394.10) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP4= @ 444.50
TP5= @ 489.00
SL= Break below 383.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 50%
Closed trade(s): 22% Profit
Open trade(s): 28% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 367.00 based on 'previous Forecast' at 10.20.2020 :
Closed Profit:
TP1 @ 383.50 touched at 10.21.2020 with 4% Profit.
TP2 @ 394.10 touched at 10.21.2020 with 7% Profit.
TP3 @ 408.80 touched at 10.22.2020 with 11% Profit.
4% + 7% + 11% = 22%
Open Profit:
Open trade is 418.00(current price) - 367.00(open price) = 14%
2 trade(s) still open, therefore total profit for open trade(s) is 14% x 2 = 28%
Technical analysis:
. ETHUSDT is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
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ForecastCity English Support Team ❤️
ETHUSD short at 369.22, Resistance at trendlineI will short ETHUSD because :
It is facing a strong resistance at the trend line .
Its not been able to break that trend line .
The price is again at the resistance trend line and may fall.
If it breaks the resistance trend line then we will be looking to buy.
Entry : 369.22
First Target : 365
Second Target : 361
Stop loss : 370