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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD

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Trade Setup

#ETCUSDT
Total Profit: 70539 pip (1281%)
Closed trade(s): 25620 pip Profit (465%)
Open trade(s): 44919 pip Profit (816%)

Trade Setup:
We opened 9 BUY trade(s) @ 5.506 based on 'Hammer' entry method at 2020.12.24.

Closed Profit:
TP1 @ 5.955 touched at 2020.12.27 with 450 pip Profit (8%).
TP2 @ 6.330 touched at 2021.01.03 with 825 pip Profit (15%).
TP3 @ 7.091 touched at 2021.01.04 with 1585 pip Profit (29%).
TP4 @ 7.558 touched at 2021.01.04 with 2052 pip Profit (37%).
TP5 @ 8.628 touched at 2021.01.10 with 3122 pip Profit (57%).
TP6 @ 9.704 touched at 2021.01.10 with 4198 pip Profit (76%).
TP7 @ 11.220 touched at 2021.02.10 with 5714 pip Profit (104%).
TP8 @ 13.180 touched at 2021.02.13 with 7674 pip Profit (139%).
450 (8%) + 825 (15%) + 1585 (29%) + 2052 (37%) + 3122 (57%) + 4198 (76%) + 5714 (104%) + 7674 (139%) = 25620 pip (465%)

Open Profit:
Profit for one trade is 50.425(current price) - 5.506(open price) = 44919 pip (816%)
1 trade(s) still open, therefore total profit for open trade(s) is 44919 (816%) x 1 = 44919 pip (816%)

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 24.93 is broken, we will close open trades.

DateJuly 31, 2021 - 19:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 24.93, beginning of uptrend is expected.
  • We make sure when the resistance at 80.54 breaks.
  • If the support at 24.93 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 24.93 is broken.

Technical analysis:

  • While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 37.7400 on 07/20/2021, so more gains to resistance(s) 59.8850, 71.0100 and maximum to Major Resistance (80.5400) 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 56.

Take Profits:

  1. 59.8850
  2. 71.0100
  3. 80.5400
  4. 95.3700
  5. 110.4650
  6. 179.5850
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum Classic (ETCUSD) new 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
Ethereum Classic (ETCUSD) free Mon, 19 Feb 2024