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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: 22058958 pip
Closed trade(s): 3521379 pip Profit
Open trade(s): 18537579 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.
247728 + 1156983 + 2116668 = 3521379 pip

Open Profit:
Profit for one trade is 58.35573(current price) - 37.75842(open price) = 2059731 pip
9 trade(s) still open, therefore total profit for open trade(s) is 2059731 x 9 = 18537579 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.

DateJune 21, 2020 - 15:23
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 26.94035 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 46.88000 on 06/19/2020, so more gains to resistance(s) 58.92510, 70.80565, 94.36750 and more heights 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 60.

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