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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: 17515155 pip (1585%)
Closed trade(s): 4785171 pip Profit (433%)
Open trade(s): 12729984 pip Profit (1152%)

Trade Setup:
We opened 15 BUY trade(s) @ 11.04783 based on 'Valley' entry method at 2021.01.16.

Closed Profit:
TP1 @ 17.93025 touched at 2021.01.30 with 688242 pip Profit (62%).
TP2 @ 26.73495 touched at 2021.01.31 with 1568712 pip Profit (142%).
TP3 @ 36.33000 touched at 2021.02.01 with 2528217 pip Profit (229%).
688242 (62%) + 1568712 (142%) + 2528217 (229%) = 4785171 pip (433%)

Open Profit:
Profit for one trade is 21.65615(current price) - 11.04783(open price) = 1060832 pip (96%)
12 trade(s) still open, therefore total profit for open trade(s) is 1060832 (96%) x 12 = 12729984 pip (1152%)

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.
DateFebruary 7, 2021 - 17:59
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.26310, beginning of uptrend is expected.
  • We make sure when the resistance at 26.73495 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 peak is formed in daily chart at 37.46100 on 02/01/2021, so more losses to support(s) 17.93025, 9.92905 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 59.

Take Profits:

  1. 17.93025
  2. 26.73495
  3. 36.33000
  4. 44.97045
  5. 58.92510
  6. 70.80565
  7. 94.36750
  8. 116.18550
  9. 136.14010
  10. 158.95440
  11. 183.95850
  12. 238.88445
  13. 293.93645
  14. 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.