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Weekly forecast Elrond / Bitcoin technical chart
Symbol EGLDBTC
Trade Setup

#EGLDBTC
Total Profit: 23664 pip (1083%)
Closed trade(s): 20084 pip Profit (919%)
Open trade(s): 3580 pip Profit (164%)

Trade Setup:
We opened 13 BUY trade(s) @ 0.002186 (day close price) based on 'Valley' at 2021.08.01.

Closed Profit:
TP1 @ 0.002335 touched at 2021.08.02 with 149 pip Profit (7%).
TP2 @ 0.002610 touched at 2021.08.02 with 424 pip Profit (19%).
TP3 @ 0.002930 touched at 2021.08.06 with 744 pip Profit (34%).
TP4 @ 0.003205 touched at 2021.08.17 with 1019 pip Profit (47%).
TP5 @ 0.003560 touched at 2021.08.30 with 1374 pip Profit (63%).
TP6 @ 0.003810 touched at 2021.09.01 with 1624 pip Profit (74%).
TP7 @ 0.004110 touched at 2021.09.09 with 1924 pip Profit (88%).
TP8 @ 0.004375 touched at 2021.09.09 with 2189 pip Profit (100%).
TP9 @ 0.005051 touched at 2021.09.10 with 2865 pip Profit (131%).
TP10 @ 0.005681 touched at 2021.09.12 with 3495 pip Profit (160%).
TP11 @ 0.006463 touched at 2021.09.13 with 4277 pip Profit (196%).
149 (7%) + 424 (19%) + 744 (34%) + 1019 (47%) + 1374 (63%) + 1624 (74%) + 1924 (88%) + 2189 (100%) + 2865 (131%) + 3495 (160%) + 4277 (196%) = 20084 pip (919%)

Open Profit:
Profit for one trade is 0.003976(current price) - 0.002186(open price) = 1790 pip (82%)
2 trade(s) still open, therefore total profit for open trade(s) is 1790 (82%) x 2 = 3580 pip (164%)

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 0.003810 is broken, we will close open trades.

DateOctober 16, 2021 - 23:07
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 0.003810 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 0.003810 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.005025 on 10/08/2021, so more losses minimum to Major Support (0.003810) 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 40.

Take Profits:

  1. 0.002335
  2. 0.002610
  3. 0.002930
  4. 0.003205
  5. 0.003560
  6. 0.003810
  7. 0.004110
  8. 0.004375
  9. 0.005051
  10. 0.005681
  11. 0.006463
  12. 0.007543
Click on the level to view price action history.

Symbol Released Current Forecast
Elrond / Bitcoin (EGLDBTC) new Sun, 5 Dec 2021
Elrond / Bitcoin (EGLDBTC) free Sun, 28 Nov 2021
Elrond / Bitcoin (EGLDBTC) Sun, 21 Nov 2021
Elrond / Bitcoin (EGLDBTC) Sun, 14 Nov 2021
Elrond / Bitcoin (EGLDBTC) Sun, 7 Nov 2021