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Weekly forecast EOS technical chart
Symbol EOSUSD

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Trade Setup
#EOSUSD
Total Profit: -90523 point
Closed trade(s): 2447 point Profit
Open trade(s): -92970 point Profit

Trade Setup:
We opened 11 BUY trade(s) @ 4.3968 based on 'Valley' entry method at 2019.07.20.

Closed Profit:
TP1 @ 4.6415 touched at 2019.07.25 with 2447 point Profit.

Open Profit:
Profit for one trade is 3.4671(current price) - 4.3968(open price) = -9297 point
10 trade(s) still open, therefore total profit for open trade(s) is -9297 x 10 = -92970 point

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.

DateNovember 12, 2019 - 22:24
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.5480, beginning of uptrend is expected.
  • We make sure when the resistance at 6.0515 breaks.
  • If the support at 1.5480 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 3.2965 on 2019-07-16 and the trough at 2.4175 on 2019-09-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 2.5205 on 10/23/2019, so more gains to resistance(s) 3.5140, 4.3200, 4.6415 and maximum to Major Resistance (6.0515) 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 55.

Take Profits:

  1. 4.6415
  2. 5.1140
  3. 6.0515
  4. 6.7520
  5. 7.6735
  6. 9.8555
  7. 12.3640
  8. 14.8615
  9. 18.4395
  10. 22.9885
Click on the level to view price action history.

Symbol Released Current Forecast
EOS (EOSUSD) new Sun, 5 Jul 2020
EOS (EOSUSD) Sun, 28 Jun 2020
EOS (EOSUSD) Sun, 21 Jun 2020
EOS (EOSUSD) Sun, 14 Jun 2020
EOS (EOSUSD) Sun, 14 Jun 2020