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Weekly forecast Eidoo / BIT technical chart
Symbol EDOBIT

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Trade Setup

#EDOBIT
Total Profit: 42272925 pip (3831%)
Closed trade(s): 8177468 pip Profit (740%)
Open trade(s): 34095457 pip Profit (3091%)

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

Closed Profit:
TP1 @ 17.93050 touched at 2021.01.30 with 688267 pip Profit (62%).
TP2 @ 26.73500 touched at 2021.01.31 with 1568717 pip Profit (142%).
TP3 @ 36.33000 touched at 2021.02.01 with 2528217 pip Profit (229%).
TP4 @ 44.97050 touched at 2021.02.11 with 3392267 pip Profit (307%).
688267 (62%) + 1568717 (142%) + 2528217 (229%) + 3392267 (307%) = 8177468 pip (740%)

Open Profit:
Profit for one trade is 42.04370(current price) - 11.04783(open price) = 3099587 pip (281%)
11 trade(s) still open, therefore total profit for open trade(s) is 3099587 (281%) x 11 = 34095457 pip (3091%)

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 17.93050 is broken, we will close open trades.

DateApril 11, 2021 - 10:52
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 17.93050, resumption of uptrend is expected.
  • We make sure when the resistance at 56.62750 breaks.
  • If the support at 17.93050 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 17.93050 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 56.62750 on 04/06/2021, so more losses to support(s) 36.33000, 26.73500 and minimum to Major Support (17.93050) 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 51.

Take Profits:

  1. 17.93050
  2. 26.73500
  3. 36.33000
  4. 44.97050
  5. 58.92500
  6. 70.80550
  7. 94.36750
  8. 116.18550
  9. 136.14000
  10. 158.95450
  11. 183.95850
  12. 238.88450
  13. 293.93650
  14. 471.63500
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo / BIT (EDOBIT) free Sun, 2 May 2021
Eidoo / BIT (EDOBIT) Tue, 27 Apr 2021
Eidoo / BIT (EDOBIT) Sat, 17 Apr 2021
Eidoo / BIT (EDOBIT) Sun, 11 Apr 2021
Eidoo / BIT (EDOBIT) Sun, 4 Apr 2021