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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: 59946092 pip
Closed trade(s): 20329718 pip Profit
Open trade(s): 39616374 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

Open Profit:
Profit for one trade is 103.78571(current price) - 37.75842(open price) = 6602729 pip
6 trade(s) still open, therefore total profit for open trade(s) is 6602729 x 6 = 39616374 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.
  • If the Midterm level 84.40705 is broken, we will close open trades.

DateAugust 10, 2020 - 13:47
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 84.40705 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 84.40705 is broken.

Technical analysis:

  • While the RSI support #1 at 44 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 84.40705 on 08/03/2020, so more gains to resistance(s) 116.18550, 136.14010, 158.95440 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 52.

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, 12 Sep 2020
Eidoo / BIT (EDOBIT) free Sun, 30 Aug 2020
Eidoo / BIT (EDOBIT) Sun, 23 Aug 2020
Eidoo / BIT (EDOBIT) Sun, 16 Aug 2020
Eidoo / BIT (EDOBIT) Mon, 10 Aug 2020