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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD

Download MT4 template file

Trade Setup
#ETCUSD
Total Profit: 38503 pip
Closed trade(s): 12498 pip Profit
Open trade(s): 26005 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 6.6996 based on 'Valley' entry method at 2020.07.25.

Closed Profit:
TP1 @ 7.0910 touched at 2020.07.27 with 3914 pip Profit.
TP2 @ 7.5580 touched at 2020.07.31 with 8584 pip Profit.
3914 + 8584 = 12498 pip

Open Profit:
Profit for one trade is 7.2197(current price) - 6.6996(open price) = 5201 pip
5 trade(s) still open, therefore total profit for open trade(s) is 5201 x 5 = 26005 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.
DateAugust 2, 2020 - 22:09
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 5.28 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 5.8850 on 07/16/2020, so more gains to resistance(s) 7.5580, 8.6280, 9.7035 and more heights 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 59.

Take Profits:

  1. 7.0910
  2. 7.5580
  3. 8.6280
  4. 9.7035
  5. 11.2200
  6. 13.1800
Click on the level to view price action history.
Symbol Released Current Forecast
Ethereum Classic (ETCUSD) Sun, 14 Apr 2024
Ethereum Classic (ETCUSD) free Sun, 7 Apr 2024
Ethereum Classic (ETCUSD) Sun, 31 Mar 2024
Ethereum Classic (ETCUSD) Sun, 24 Mar 2024
Ethereum Classic (ETCUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on ETCUSD.