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Weekly forecast EOS technical chart
Symbol EOSUSD

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Trade Setup
#EOSUSD
Total Profit: -159673 pip
Closed trade(s): 2447 pip Profit
Open trade(s): -162120 pip 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 pip Profit.

Open Profit:
Profit for one trade is 2.7756(current price) - 4.3968(open price) = -16212 pip
10 trade(s) still open, therefore total profit for open trade(s) is -16212 x 10 = -162120 pip

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.

DateDecember 1, 2019 - 19:44
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 4.6415 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.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 2.3573 on 11/25/2019, so more gains to resistance(s) 3.0365, 3.5140, 4.3200 and maximum to Major Resistance (4.6415) 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 42.

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) 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