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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: -7815396 pip
Closed trade(s): 0 pip Profit
Open trade(s): -7815396 pip Profit

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

Open Profit:
Profit for one trade is 31.24559(current price) - 37.75842(open price) = -651283 pip
12 trade(s) still open, therefore total profit for open trade(s) is -651283 x 12 = -7815396 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.

DateMay 31, 2020 - 12:42
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 6.26310 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A peak is formed in daily chart at 40.20000 on 05/25/2020, so more losses to support(s) 26.94035, 20.18000, 11.08780 and minimum to Major Support (6.26310) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 62.

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