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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD

Download MT4 template file

Trade Setup
#ETCUSD
Total Profit: -32067 pip
Closed trade(s): 12498 pip Profit
Open trade(s): -44565 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 6.6996 based on 'Valley' entry method at 2020.07.25.

Closed Profit:
TP1 @ 7.0910 touched at 2020.07.27 with 3914 pip Profit.
TP2 @ 7.5580 touched at 2020.07.31 with 8584 pip Profit.
3914 + 8584 = 12498 pip

Open Profit:
Profit for one trade is 5.8083(current price) - 6.6996(open price) = -8913 pip
5 trade(s) still open, therefore total profit for open trade(s) is -8913 x 5 = -44565 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSeptember 12, 2020 - 17:07
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 3.31, beginning of uptrend is expected.
  • We make sure when the resistance at 7.56 breaks.
  • If the support at 3.31 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 4.8510 on 09/04/2020, so more gains to resistance(s) 6.2225, 7.0910 and maximum to Major Resistance (7.5580) 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 45.

Take Profits:

  1. 7.0910
  2. 7.5580
  3. 8.6280
  4. 9.7035
  5. 11.2200
  6. 13.1800
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum Classic (ETCUSD) Sun, 24 Mar 2024
Ethereum Classic (ETCUSD) Sun, 17 Mar 2024
Ethereum Classic (ETCUSD) Sun, 10 Mar 2024
Ethereum Classic (ETCUSD) Sun, 3 Mar 2024
Ethereum Classic (ETCUSD) Sat, 24 Feb 2024