There is a possibility for the beginning of an uptrend in CMTETH
Updated
Technical analysis:
. CYBERMILES/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 47.
. The price downtrend in the daily chart is 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 (0.00019500 to 0.00016400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00019500)
Ending of entry zone (0.00016400)
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= @ 0.00025200
TP2= @ 0.00027300
TP3= @ 0.00030000
TP4= @ 0.00034300
TP5= @ 0.00040000
TP6= @ 0.00045600
TP7= @ 0.00053600
TP8= @ 0.00063860
TP9= Free
. CYBERMILES/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 47.
. The price downtrend in the daily chart is 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 (0.00019500 to 0.00016400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00019500)
Ending of entry zone (0.00016400)
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= @ 0.00025200
TP2= @ 0.00027300
TP3= @ 0.00030000
TP4= @ 0.00034300
TP5= @ 0.00040000
TP6= @ 0.00045600
TP7= @ 0.00053600
TP8= @ 0.00063860
TP9= Free
Trade active
Weekly update: TP2 hit with 38648 pip profit ... Trade Setup:
We opened 9 BUY trade(s) @ 0.00020429 based on 'Valley' entry method at 02.25.2019.
Total Profit: 38648 pip
Closed trade(s): 11642 Profit
Open trade(s): 27006 Profit
Closed Profit:
TP1 @ 0.00025200 touched at 03.11.2019 with 4771 Profit.
TP2 @ 0.00027300 touched at 03.11.2019 with 6871 Profit.
4771 + 6871 = 11642
Open Profit:
Profit for one trade is 0.00024287 (current price) - 0.00020429 (open price) = 3858
7 trade(s) still open, therefore total profit for open trade(s) is 3858 x 7 = 27006
All SLs moved to Break-even point.
Take Profit:
TP3= @ 0.00030000
TP4= @ 0.00034300
TP5= @ 0.00040000
TP6= @ 0.00045600
TP7= @ 0.00053600
TP8= @ 0.00063860
TP9= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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