Technical analysis: . PEERCOIN/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 32.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00014140 to 0.00011550). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00014140) Ending of entry zone (0.00011550)
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= @ 0.00018880 TP2= @ 0.00021130 TP3= @ 0.00025085 TP4= @ 0.00029140 TP5= @ 0.00033495 TP6= @ 0.00038600 TP7= @ 0.00047070 TP8= @ 0.00069000 TP9= Free
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Weekly update: TP3 hit with 62304 pip profit ...
Trade Setup: We opened 9 BUY trade(s) @ 0.00014688 based on 'Hammer' entry method at 10.22.2018.
Total Profit: 62304 pip Closed trade(s): 21031 Profit Open trade(s): 62304 Profit
Closed Profit: TP1 @ 0.00018880 touched at 11.07.2018 with 4192 Profit. TP2 @ 0.00021130 touched at 11.07.2018 with 6442 Profit. TP3 @ 0.00025085 touched at 11.08.2018 with 10397 Profit. 4192 + 6442 + 10397 = 21031
Open Profit: Profit for one trade is 0.00025072 (current price) - 0.00014688 (open price) = 10348 6 trade(s) still open, therefore total profit for open trade(s) is 10348 x 6 = 62304 All SLs moved to Break-even point.
Trade Setup: We opened 9 BUY trade(s) @ 0.00014688 based on 'Hammer' entry method at 10.22.2018.
Total Profit: 83335 pip Closed trade(s): 21031 Profit Open trade(s): 62304 Profit
Closed Profit: TP1 @ 0.00018880 touched at 11.07.2018 with 4192 Profit. TP2 @ 0.00021130 touched at 11.07.2018 with 6442 Profit. TP3 @ 0.00025085 touched at 11.08.2018 with 10397 Profit. 4192 + 6442 + 10397 = 21031
Open Profit: Profit for one trade is 0.00025072 (current price) - 0.00014688 (open price) = 10348 6 trade(s) still open, therefore total profit for open trade(s) is 10348 x 6 = 62304 All SLs moved to Break-even point.
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