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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD

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Trade Setup
#ETCUSD
Total Profit: 128897 pip (256%)
Closed trade(s): 68462 pip Profit (136%)
Open trade(s): 60435 pip Profit (120%)

Trade Setup:
We opened 9 BUY trade(s) @ 5.0222 based on 'Valley' entry method at 2020.11.05.

Closed Profit:
TP1 @ 5.9555 touched at 2020.11.18 with 9333 pip Profit (19%).
TP2 @ 6.3305 touched at 2020.11.21 with 13083 pip Profit (26%).
TP3 @ 7.0910 touched at 2020.11.24 with 20688 pip Profit (41%).
TP4 @ 7.5580 touched at 2020.11.25 with 25358 pip Profit (50%).
9333 (19%) + 13083 (26%) + 20688 (41%) + 25358 (50%) = 68462 pip (136%)

Open Profit:
Profit for one trade is 6.2309(current price) - 5.0222(open price) = 12087 pip (24%)
5 trade(s) still open, therefore total profit for open trade(s) is 12087 (24%) x 5 = 60435 pip (120%)

#ETCUSD
Total Profit: 12498 pip (19%)
Closed trade(s): 12498 pip Profit (19%)
Open trade(s): 0 pip Profit (0%)

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 (6%).
TP2 @ 7.5580 touched at 2020.07.31 with 8584 pip Profit (13%).
3914 (6%) + 8584 (13%) = 12498 pip (19%)

5 other break-even trades closed at entry price, therefore no profit no loss.

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, 2020 - 21:16
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 3.31, beginning of uptrend is expected.
  • We make sure when the resistance at 7.56 breaks.
  • If the support at 3.31 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 5.6090 on 11/26/2020, so more gains to resistance(s) 6.3305, 7.0910 and maximum to Major Resistance (7.5580) 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 54.

Take Profits:

  1. 5.9555
  2. 6.3305
  3. 7.0910
  4. 7.5580
  5. 8.6280
  6. 9.7035
  7. 11.2200
  8. 13.1800
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum Classic (ETCUSD) Sun, 24 Mar 2024
Ethereum Classic (ETCUSD) Sun, 17 Mar 2024
Ethereum Classic (ETCUSD) Sun, 10 Mar 2024
Ethereum Classic (ETCUSD) Sun, 3 Mar 2024
Ethereum Classic (ETCUSD) Sat, 24 Feb 2024