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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD

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Trade Setup
#ETCUSD
Total Profit: 355242 pip (645%)
Closed trade(s): 256209 pip Profit (465%)
Open trade(s): 99033 pip Profit (180%)

Trade Setup:
We opened 9 BUY trade(s) @ 5.5057 based on 'Hammer' entry method at 2020.12.24.

Closed Profit:
TP1 @ 5.9555 touched at 2020.12.27 with 4498 pip Profit (8%).
TP2 @ 6.3305 touched at 2021.01.03 with 8248 pip Profit (15%).
TP3 @ 7.0910 touched at 2021.01.04 with 15853 pip Profit (29%).
TP4 @ 7.5580 touched at 2021.01.06 with 20523 pip Profit (37%).
TP5 @ 8.6280 touched at 2021.01.10 with 31223 pip Profit (57%).
TP6 @ 9.7035 touched at 2021.02.09 with 41978 pip Profit (76%).
TP7 @ 11.2200 touched at 2021.02.10 with 57143 pip Profit (104%).
TP8 @ 13.1800 touched at 2021.02.13 with 76743 pip Profit (139%).
4498 (8%) + 8248 (15%) + 15853 (29%) + 20523 (37%) + 31223 (57%) + 41978 (76%) + 57143 (104%) + 76743 (139%) = 256209 pip (465%)

Open Profit:
Profit for one trade is 15.4090(current price) - 5.5057(open price) = 99033 pip (180%)
1 trade(s) still open, therefore total profit for open trade(s) is 99033 (180%) x 1 = 99033 pip (180%)

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.
  • If the Midterm level 9.70 is broken, we will close open trades.

DateFebruary 15, 2021 - 20:12
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 9.70 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 9.70 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 6.6600 on 01/27/2021, so more losses to support(s) 13.1800, 11.2200 and minimum to Major Support (9.7035) 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 80.

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
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