A trading opportunity to buy in ETHUSDMidterm forecast:
While the price is above the support 80.350, beginning of uptrend is expected.
We make sure when the resistance at 200.000 breaks.
If the support at 80.350 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 180.000 on 04/03/2019, so more losses to support(s) 162.650, 136.500, 99.900 and minimum to Major Support (80.350) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 73.
Trade Setup:
We opened 12 BUY trade(s) @ 206.43 based on 'Valley' entry method at 2018.09.13.
Total Profit: -32628 pip
Closed trade(s): 0 pip Profit
Open trade(s): -32628 pip Profit
Open Profit:
Profit for one trade is 179.24(current price) - 206.43(open price) = -2719 pip
12 trade(s) still open, therefore total profit for open trade(s) is -2719 x 12 = -32628 pip
New Trading suggestion:
.Price is in the support zone (187.50 to 162.65), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (187.50)
Ending of entry zone (162.65)
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= @ 264.800
TP2= @ 309.100
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950
