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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup
#EDOBIT
Total Profit: 26219567 pip
Closed trade(s): 8177433 pip Profit
Open trade(s): 18042134 pip Profit

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.
TP2 @ 26.73495 touched at 2021.01.31 with 1568712 pip Profit.
TP3 @ 36.33000 touched at 2021.02.01 with 2528217 pip Profit.
TP4 @ 44.97045 touched at 2021.02.11 with 3392262 pip Profit.
688242 + 1568712 + 2528217 + 3392262 = 8177433 pip

Open Profit:
Profit for one trade is 27.44977(current price) - 11.04783(open price) = 1640194 pip
11 trade(s) still open, therefore total profit for open trade(s) is 1640194 x 11 = 18042134 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 17.93025 is broken, we will close open trades.

DateMarch 4, 2021 - 19:10
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 17.93025, resumption of uptrend is expected.
  • We make sure when the resistance at 44.97045 breaks.
  • If the support at 17.93025 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 17.93025 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 48.54000 on 02/11/2021, so more losses to support(s) 26.73495 and minimum to Major Support (17.93025) 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 50.

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