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Weekly forecast Elrond / Bitcoin technical chart
Symbol EGLDBTC
Trade Setup

#EGLDBTC
Total Profit: 30433 pip (1393%)
Closed trade(s): 25238 pip Profit (1155%)
Open trade(s): 5195 pip Profit (238%)

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 @ 0.003600 touched at 2021.08.30 with 1414 pip Profit (65%).
TP7 @ 0.004117 touched at 2021.09.09 with 1931 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%).
TP12 @ 0.007543 touched at 2021.11.22 with 5357 pip Profit (245%).
149 (7%) + 424 (19%) + 744 (34%) + 1019 (47%) + 1374 (63%) + 1414 (65%) + 1931 (88%) + 2189 (100%) + 2865 (131%) + 3495 (160%) + 4277 (196%) + 5357 (245%) = 25238 pip (1155%)

Open Profit:
Profit for one trade is 0.007381(current price) - 0.002186(open price) = 5195 pip (238%)
1 trade(s) still open, therefore total profit for open trade(s) is 5195 (238%) x 1 = 5195 pip (238%)

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 0.003600 is broken, we will close open trades.

DateNovember 28, 2021 - 12:59
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.003600 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 0.003600 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.009676 on 11/23/2021, so more losses to support(s) 0.006463, 0.005681, 0.005051 and minimum to Major Support (0.003600) 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 66.

Take Profits:

  1. 0.002335
  2. 0.002610
  3. 0.002930
  4. 0.003205
  5. 0.003560
  6. 0.003600
  7. 0.004117
  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) Tue, 12 Mar 2024
Elrond / Bitcoin (EGLDBTC) Tue, 20 Feb 2024
Elrond / Bitcoin (EGLDBTC) Tue, 30 Jan 2024
Elrond / Bitcoin (EGLDBTC) Wed, 10 Jan 2024
Elrond / Bitcoin (EGLDBTC) Sun, 17 Dec 2023