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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: -4824680 pip (-224%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -4824680 pip Profit (-224%)

Trade Setup:
We opened 14 BUY trade(s) @ 21.50631 based on 'Valley' entry method at 2020.11.23.

Open Profit:
Profit for one trade is 18.06011(current price) - 21.50631(open price) = -344620 pip (-16%)
14 trade(s) still open, therefore total profit for open trade(s) is -344620 (-16%) x 14 = -4824680 pip (-224%)

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.

DateDecember 1, 2020 - 20:56
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 6.26310, beginning of uptrend is expected.
  • We make sure when the resistance at 36.33000 breaks.
  • If the support at 6.26310 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 16.92400 on 11/21/2020, so more gains to resistance(s) 18.35980, 26.73495 and maximum to Major Resistance (36.33000) 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 37.

Take Profits:

  1. 26.73495
  2. 36.33000
  3. 44.97045
  4. 58.92510
  5. 70.80565
  6. 94.36750
  7. 116.18550
  8. 136.14010
  9. 158.95440
  10. 183.95850
  11. 238.88445
  12. 293.93645
  13. 471.63485
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo / BIT (EDOBIT) Thu, 4 Mar 2021
Eidoo / BIT (EDOBIT) Mon, 22 Feb 2021
Eidoo / BIT (EDOBIT) free Mon, 15 Feb 2021
Eidoo / BIT (EDOBIT) free Sun, 7 Feb 2021
Eidoo / BIT (EDOBIT) free Sun, 31 Jan 2021