Technical analysis: . IOTA/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 49. . 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 (0.00164 to 0.00131). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00164) Ending of entry zone (0.00131)
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= @ 0.00186 TP2= @ 0.00203 TP3= @ 0.00230 TP4= @ 0.00245 TP5= @ 0.00288 TP6= 0.00335 TP7= 0.00430 TP8= 0.00570 TP9= 0.00744 TP10= Free
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Weekly update: TP4 hit with 687682 profit ...
Trade Setup: We opened 10 BUY trade(s) @ 0.00177632 based on 'Valley' entry method at 08.17.2018.
Total Profit: 687682 pip Closed trade(s): 153472 pip Profit Open trade(s): 534210 pip Profit
Closed Profit: TP1 @ 0.00186 touched at 08.19.2018 with 8368 Profit. TP2 @ 0.00203 touched at 08.26.2018 with 25368 Profit. TP3 @ 0.00230 touched at 08.27.2018 with 52368 Profit. TP4 @ 0.00245 touched at 08.28.2018 with 67368 Profit. 8368 + 25368 + 52368 + 67368 = 153472
Open Profit: Profit for one trade is 0.00266667 (current price) - 0.00177632 (open price) = 89035 pip 6 trade(s) still open, therefore total profit for open trade(s) is 89035 x 6 = 534210 pip
Trade Setup: We opened 10 BUY trade(s) @ 0.00177632 based on 'Valley' entry method at 08.17.2018.
Total Profit: 873385 pip Closed trade(s): 263840 Profit Open trade(s): 609545 Profit
Closed Profit: TP1 @ 0.00186 touched at 08.19.2018 with 8368 Profit. TP2 @ 0.00203 touched at 08.26.2018 with 25368 Profit. TP3 @ 0.00230 touched at 08.27.2018 with 52368 Profit. TP4 @ 0.00245 touched at 08.28.2018 with 67368 Profit. TP5 @ 0.00288 touched at 09.09.2018 with 110368 Profit. 8368 + 25368 + 52368 + 67368 + 110368 = 263840
Open Profit: Profit for one trade is 0.00299541 (current price) - 0.00177632 (open price) = 121909 pip 5 trade(s) still open, therefore total profit for open trade(s) is 121909 x 5 = 609545 pip All SLs moved to Break-even point.
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