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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: 45651830 pip
Closed trade(s): 20329718 pip Profit
Open trade(s): 25322112 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 79.96194(current price) - 37.75842(open price) = 4220352 pip
6 trade(s) still open, therefore total profit for open trade(s) is 4220352 x 6 = 25322112 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 70.80565 is broken, we will close open trades.
DateAugust 23, 2020 - 14:19
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 70.80565 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 70.80565 is broken.

Technical analysis:

  • The RSI support #1 at 44 is broken, so the probability of continuation of uptrend is decreased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 118.86000 on 08/13/2020, so more losses minimum to Major Support (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 40.

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.