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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.02070 to 0.01800). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 0.02450, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.02450 and expect to reach short-term targets.

  • Beginning of entry zone (0.02070)
    • Support on 07/15/2019
    • Support on 07/16/2019
    • Support on 07/17/2019
    • Support on 07/19/2019
    • Support on 07/22/2019
    • Support on 07/24/2019
  • Ending of entry zone (0.01800)

DateJuly 28, 2019 - 14:52
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.02450 would begin in Midterm.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.01994 on 07/16/2019, so more gains maximum to Major Resistance (0.02450) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

Take Profits:

  1. 0.02750
  2. 0.03020
  3. 0.03330
  4. 0.03750
  5. 0.04155
  6. 0.04850
  7. 0.05400
  8. 0.05850
  9. 0.06650
  10. 0.07200
  11. 0.08000
  12. 0.08550
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) new Mon, 22 Apr 2024
Ethereum / Bitcoin (ETHBTC) Tue, 2 Apr 2024
Ethereum / Bitcoin (ETHBTC) Mon, 11 Mar 2024
Ethereum / Bitcoin (ETHBTC) Tue, 20 Feb 2024
Ethereum / Bitcoin (ETHBTC) Tue, 30 Jan 2024