A new trading opportunity to buy. TP2 hit with 17890 profit...NEO/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is still possibility of temporary retracement to suggested support line (0.0078), 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) @ 0.007034(day close price) based on reversal candle (Valley) at 04.08.2018.
Total Profit: 17890
Closed trade(s): 4132 Profit
Open trade(s): 13758 Profit
Closed Profit:
TP1 @ 0.008500 touched at 04.13.2018 with 1466 Profit.
TP2 @ 0.009700 touched at 04.29.2018 with 2666 Profit.
1466 + 2666 = 4132
Open Profit:
Profit for one trade is 0.009327(current price) -0.007034(open price) = 2293
6 trade(s) still open, therefore total profit for open trade(s) is 2293 x 6 = 13758
All SLs moved to Break-even point.
Take Profits:
TP3= @ 0.0110
TP4= @ 0.0120
TP5= @ 0.0138
TP6= @ 0.0144
TP7= @ 0.0152
TP8= Free
Technical analysis:
Neo/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 61.
