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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: 38232002 pip
Closed trade(s): 38232002 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 37.75842 based on 'Valley' entry method at 2020.05.25.

Closed Profit:
TP1 @ 40.23570 touched at 2020.06.03 with 247728 pip Profit.
TP2 @ 49.32825 touched at 2020.06.05 with 1156983 pip Profit.
TP3 @ 58.92510 touched at 2020.06.11 with 2116668 pip Profit.
TP4 @ 70.80565 touched at 2020.06.22 with 3304723 pip Profit.
TP5 @ 94.36750 touched at 2020.07.20 with 5660908 pip Profit.
TP6 @ 116.18550 touched at 2020.07.22 with 7842708 pip Profit.
247728 + 1156983 + 2116668 + 3304723 + 5660908 + 7842708 = 20329718 pip

Closed Profit:
Profit for one trade is 67.59556(current price) - 37.75842(open price) = 2983714 pip
6 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 2983714 x 6 = 17902284 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (26.94035 to 20.18000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (26.94035)
    • Support on 09/05/2019
    • Support on 09/08/2019
    • Support on 09/12/2019
    • Support on 09/13/2019
    • Support on 09/14/2019
    • Support on 09/15/2019
    • Support on 12/23/2019
    • Support on 12/24/2019
    • Support on 12/25/2019
    • Support on 12/26/2019
    • Support on 12/27/2019
    • Resistance on 01/03/2020
    • Resistance on 01/06/2020
    • Resistance on 01/07/2020
    • Resistance on 01/19/2020
    • Resistance on 02/11/2020
    • Resistance on 02/12/2020
    • Resistance on 02/16/2020
    • Resistance on 02/19/2020
    • Support on 05/25/2020
    • Support on 06/02/2020
    • Support on 06/03/2020
  • Ending of entry zone (20.18000)
    • Support on 01/14/2020
    • Support on 01/15/2020
    • Support on 01/18/2020
    • Support on 01/20/2020
    • Support on 01/22/2020
    • Support on 02/01/2020
    • Support on 02/02/2020
    • Support on 02/03/2020
    • Support on 02/26/2020
    • Support on 02/27/2020
    • Support on 02/28/2020
    • Support on 02/29/2020
    • Support on 03/01/2020
    • Support on 03/04/2020
    • Support on 03/09/2020
    • Resistance on 03/12/2020
    • Resistance on 03/26/2020
    • Resistance on 05/03/2020
    • Resistance on 05/10/2020
    • Resistance on 05/11/2020
    • Support on 05/13/2020
    • Support on 05/14/2020
    • Support on 05/15/2020
    • Support on 05/17/2020
    • Trough on 05/18/2020
    • Support on 05/18/2020
DateSeptember 12, 2020 - 15:21
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • 70.80565 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 49.65000 on 09/06/2020, so more gains maximum to Major Resistance (70.80565) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Take Profits:

  1. 40.23570
  2. 49.32825
  3. 58.92510
  4. 70.80565
  5. 94.36750
  6. 116.18550
  7. 158.95440
  8. 183.95850
  9. 238.88445
  10. 293.93645
  11. 471.63485
Click on the level to view price action history.
Symbol Released Current Forecast
Eidoo / BIT (EDOBIT) Sat, 25 Sep 2021
Eidoo / BIT (EDOBIT) Tue, 21 Sep 2021
Eidoo / BIT (EDOBIT) Mon, 13 Sep 2021
Eidoo / BIT (EDOBIT) Sat, 4 Sep 2021
Eidoo / BIT (EDOBIT) Sat, 28 Aug 2021
History
Daily-Trading-Opportunities on EDOBIT.