Technical analysis: . IOST/ETHEREUM 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 54. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00003930 to 0.00003600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003930) Ending of entry zone (0.00003600)
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= @ 0.00004790 TP2= @ 0.00005140 TP3= @ 0.00005360 TP4= @ 0.00006150 TP5= @ 0.00006970 TP6= @ 0.00007780 TP7= @ 0.00008940 TP8= @ 0.00010420 TP9= Free
Trade active
Weekly update: TP3 hit with 12749 profit ... We opened 9 BUY trade(s) @ 0.00003949 based on "Valley" entry method at 01.06.2019. Total Profit: 12749 Closed trade(s): 3443 Profit Open trade(s): 9306 Profit
Closed Profit: TP1 @ 0.00004790 touched at 01.08.2019 with 841 Profit. TP2 @ 0.00005140 touched at 01.11.2019 with 1191 Profit. TP3 @ 0.00005360 touched at 01.17.2019 with 1411 Profit. 841 + 1191 + 1411 = 3443
Open Profit: Profit for one trade is 0.00005500(current price) - 0.00003949 (open price) = 1551 6 trade(s) still open, therefore total profit for open trade(s) is 1551 x 6 = 9306 All SLs moved to Break-even point.
Trade Setup: We opened 9 BUY trade(s) @ 0.00003949 based on "Valley" entry method at 01.06.2019.
Total Profit: 17879 pip Closed trade(s): 5644 Profit Open trade(s): 12235 Profit
Closed Profit: TP1 @ 0.00004790 touched at 01.08.2019 with 841 Profit. TP2 @ 0.00005140 touched at 01.11.2019 with 1191 Profit. TP3 @ 0.00005360 touched at 01.17.2019 with 1411 Profit. TP4 @ 0.00006150 touched at 03.20.2019 with 2201 Profit. 841 + 1191 + 1411 + 2201 = 5644
Open Profit: Profit for one trade is 0.00006395 (current price) - 0.00003949 (open price) = 2447 5 trade(s) still open, therefore total profit for open trade(s) is 2447 x 5 = 12235 All SLs moved to Break-even point.
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