Technical analysis: . Cardano/Bitcoin 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 50.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001090 to 0.00001000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001090) Ending of entry zone (0.00001000)
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= @ 0.00001210 TP2= @ 0.00001380 TP3= @ 0.00001510 TP4= @ 0.00001700 TP5= @ 0.00001900 TP6= @ 0.00002440 TP7= @ 0.00002800 TP8= @ 0.00004020 TP9= @ 0.00005000 TP10= @ 0.00005990 TP11= @ 0.00007395 TP12= @ 0.00009180 TP13= Free
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Weekly update: TP2 hit with 2988 pip profit ...
Trade Setup: We opened 13 BUY trade(s) @ 0.00001187 based on "Valley" entry method at 03.09.2019.
Total Profit: 2988 pip Closed trade(s): 216 Profit Open trade(s): 2772 Profit
Closed Profit: TP1 @ 0.00001210 touched at 03.11.2019 with 23 Profit. TP2 @ 0.00001380 touched at 03.22.2019 with 193 Profit. 23 + 193 = 216
Open Profit: Profit for one trade is 0.00001439 (current price) - 0.00001187 (open price) = 252 11 trade(s) still open, therefore total profit for open trade(s) is 252 x 11 = 2772 All SLs moved to Break-even point.
Trade Setup: We opened 13 BUY trade(s) @ 0.00001187 based on "Valley" entry method at 03.09.2019.
Total Profit: 4119 pip Closed trade(s): 539 Profit Open trade(s): 3580 Profit
Closed Profit: TP1 @ 0.00001210 touched at 03.11.2019 with 23 Profit. TP2 @ 0.00001380 touched at 03.22.2019 with 193 Profit. TP3 @ 0.00001510 touched at 03.23.2019 with 323 Profit. 23 + 193 + 323 = 539
Open Profit: Profit for one trade is 0.00001545 (current price) - 0.00001187 (open price) = 358 10 trade(s) still open, therefore total profit for open trade(s) is 358 x 10 = 3580 All SLs moved to Break-even point.
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