There is a possibility for the beginning of an uptrend in GNTBTCTechnical analysis:
. GOLEM/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 46.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue .
. 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 (0.00002000 to 0.00001500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002000)
Ending of entry zone (0.00001500)
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= @ 0.00002700
TP2= @ 0.00003250
TP3= @ 0.00003750
TP4= @ 0.00004570
TP5= @ 0.00005420
TP6= @ 0.00006260
TP7= @ 0.00007470
TP8= @ 0.00009000
TP9= @ 0.00010440
TP10= @ 0.00016800
TP11= Free
Golembtc
A New Trading Suggestion to Buy in GNTBTC ...GOLEM/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is possibility of temporary retracement to suggested support line(0.000055), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 8 BUY trade(s) @ 0.00002911(day close price) based on reversal candle (Valley & 2-Day Hammer ) at 03.19.2018.
Total Profit: 40047
Closed trade(s): 13367 Profit
Open trade(s): 26680 Profit
Closed Profit:
TP1 @ 0.000055 touched at 04.13.2018 with 2589 Profit.
TP2 @ 0.000077 touched at 05.02.2018 with 4789 Profit.
TP3 @ 0.000089 touched at 05.03.2018 with 5989 Profit.
2589 + 4789 + 5989 =13367
Open Profit:
Profit for one trade is 0.00008247(current price) -0.00002911(open price) = 5336
5 trade(s) still open, therefore total profit for open trade(s) is 5336 x 5 = 26680
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.000109
TP5= @ 0.000168
TP6= @ 0.000221
TP7= @ 0.000278
TP8= Free
Technical analysis:
Golem/Bitcoin is in an up trend and continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 73.
