A second chance to buy in EOSBTC ....EOS/BITCOIN
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line(0.00171). 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 (0.00171).
*If the support line at (0.00171) is broken, the forecast (Resumption of uptrend) will be invalid.
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 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 2 BUY trade(s) @ 0.00074254(day close price) based on the reversal candle ( 2-Day Hammer ) at 03.27.2018.
Total Profit: 167342
Closed trade(s): 57746 Profit
Open trade(s): 109596 Profit
Closed Profit:
TP1 @ 0.00132 touched at 04.20.2018 with 57746 Profit.
Open Profit:
Profit for one trade is 0.00183850(current price) -0.00074254(open price) = 109596
1 trade(s) still open, therefore total profit for open trade(s) is 109596 x 1 = 109596
All SLs moved to Break-even point.
Take Profits:
TP2= Free
Technical analysis:
Eos/Bitcoin is in a range bound and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 58.
