There is a possibility for the beginning of an uptrend in RDDUSD
Updated
Technical analysis:
. Reddcoin/Dollar is in a downtrend 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 43.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00150). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00231)
Ending of entry zone (0.00150)
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= @ 0.00368
TP2= @ 0.00507
TP3= @ 0.00598
TP4= @ 0.00714
TP5= @ 0.00924
TP6= @ 0.01110
TP7= @ 0.01763
TP8= Free
. Reddcoin/Dollar is in a downtrend 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 43.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00231 to 0.00150). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00231)
Ending of entry zone (0.00150)
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= @ 0.00368
TP2= @ 0.00507
TP3= @ 0.00598
TP4= @ 0.00714
TP5= @ 0.00924
TP6= @ 0.01110
TP7= @ 0.01763
TP8= Free
Trade active
Weekly update: TP1 hit with 708527 pip profit ... Trade Setup:
We opened 8 BUY trade(s) @ 0.00276376 based on ' Valley ' entry method at 08.27.2018.
Total Profit: 708527 pip
Closed trade(s): 91624 Profit
Open trade(s): 616903 Profit
Closed Profit:
TP1 @ 0.00368 touched at 08.31.2018 with 91624 Profit.
Open Profit:
Profit for one trade is 0.00364505 (current price) - 0.00276376 (open price) = 88129
7 trade(s) still open, therefore total profit for open trade(s) is 88129 x 7 = 616903
All SLs moved to Break-even point.
Take Profit:
TP2= @ 0.00507
TP3= @ 0.00598
TP4= @ 0.00714
TP5= @ 0.00924
TP6= @ 0.01110
TP7= @ 0.01763
TP8= Free
Trade active
Weekly update: TP2 hit with 1130592 pip profit ... Trade Setup:
We opened 8 BUY trade(s) @ 0.00276376 based on ' Valley ' entry method at 08.27.2018.
Total Profit: 1130592 pip
Closed trade(s): 322248 Profit
Open trade(s): 808344 Profit
Closed Profit:
TP1 @ 0.00368 touched at 08.31.2018 with 91624 Profit.
TP2 @ 0.00507 touched at 09.30.2018 with 230624 Profit.
91624 + 230624 = 322248
Open Profit:
Profit for one trade is 0.00411100 (current price) - 0.00276376 (open price) = 134724
6 trade(s) still open, therefore total profit for open trade(s) is 134724 x 6 = 808344
All SLs moved to Break-even point.
Take Profit:
TP3= @ 0.00598
TP4= @ 0.00714
TP5= @ 0.00924
TP6= @ 0.01110
TP7= @ 0.01763
TP8= 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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