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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: 42448692 pip (3842%)
Closed trade(s): 8177433 pip Profit (740%)
Open trade(s): 34271259 pip Profit (3102%)

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%).
TP4 @ 44.97045 touched at 2021.02.11 with 3392262 pip Profit (307%).
688242 (62%) + 1568712 (142%) + 2528217 (229%) + 3392262 (307%) = 8177433 pip (740%)

Open Profit:
Profit for one trade is 42.20352(current price) - 11.04783(open price) = 3115569 pip (282%)
11 trade(s) still open, therefore total profit for open trade(s) is 3115569 (282%) x 11 = 34271259 pip (3102%)

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 17.93025 is broken, we will close open trades.
DateFebruary 15, 2021 - 19:51
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 17.93025 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 17.93025 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 17.45000 on 02/09/2021, so more gains to resistance(s) 44.97045, 58.92510, 70.80565 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 73.

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.