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Weekly forecast EOS / BIT technical chart
Symbol EOSBIT

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Trade Setup

#EOSBIT
Total Profit: 8204318 pip (78%)
Closed trade(s): 4962888 pip Profit (48%)
Open trade(s): 3241430 pip Profit (30%)

Trade Setup:
We opened 7 BUY trade(s) @ 103.91556 based on 'Valley' entry method at 2021.04.04.

Closed Profit:
TP1 @ 118.20000 touched at 2021.04.05 with 1428444 pip Profit (14%).
TP2 @ 139.26000 touched at 2021.04.17 with 3534444 pip Profit (34%).
1428444 (14%) + 3534444 (34%) = 4962888 pip (48%)

Open Profit:
Profit for one trade is 110.39842(current price) - 103.91556(open price) = 648286 pip (6%)
5 trade(s) still open, therefore total profit for open trade(s) is 648286 (6%) x 5 = 3241430 pip (30%)

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.
DateApril 27, 2021 - 13:49
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 63.86740, resumption of uptrend is expected.
  • We make sure when the resistance at 139.26000 breaks.
  • If the support at 63.86740 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 69.3936 on 2021-01-14 and the trough at 64.94845 on 2021-03-13, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 90.55050 on 04/23/2021, so more gains to resistance(s) 118.20000 and maximum to Major Resistance (139.26000) 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. 118.20000
  2. 139.26000
  3. 188.81800
  4. 211.15800
  5. 232.35400
  6. 254.70000
Click on the level to view price action history.
Symbol Released Current Forecast
EOS / BIT (EOSBIT) Sun, 20 Mar 2022
EOS / BIT (EOSBIT) Tue, 15 Mar 2022
EOS / BIT (EOSBIT) Mon, 7 Mar 2022
EOS / BIT (EOSBIT) Sun, 27 Feb 2022
EOS / BIT (EOSBIT) Sun, 20 Feb 2022
History
Daily-Trading-Opportunities on EOSBIT.