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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD
Trade Setup

#ETCUSD
Total Profit: 5 point (0%)
Closed trade(s): 0 point Profit
Open trade(s): 5 point Profit

Trade Setup:
We opened 1 BUY trades @ 24.9 based on 'Valley' entry method at 2022-10-26.

Open Profit:
Profit for one BUY trade is 24.95(current price) - 24.9(open price) = 5 point (0%)
1 trade(s) still open, therefore total profit for open trade(s) is 5 (0%) x 1 = 5 point (0%)

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.
DateOctober 26, 2022 - 12:29
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 12.45, beginning of uptrend is expected.
  • We make sure when the resistance at 45.70 breaks.
  • If the support at 12.45 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 20.80 on 10/21/2022, so more gains to resistance(s) 26.95, 30.35, 34.55 and maximum to Major Resistance (45.70) 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 50.

Take Profits:

  1. 26.95
  2. 30.35
  3. 34.55
  4. 40.55
  5. 45.70
  6. 60.00
  7. 77.00
  8. 111.35
  9. 133.92
  10. 179.60
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.