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Trend Hunter performance since 2015 for this symbol

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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 (0.01720 to 0.01615). 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 0.01995, 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 0.01995 and expect to reach short-term targets.

  • Beginning of entry zone (0.01720)
    • Support on 08/28/2019
    • Support on 09/02/2019
    • Resistance on 09/07/2019
    • Support on 09/13/2019
  • Ending of entry zone (0.01615)
    • Support on 09/05/2019
    • Support on 09/06/2019
    • Trough on 09/07/2019
    • Support on 09/07/2019

DateMon, 09/16/2019 - 15:19
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.01615, beginning of uptrend is expected.
  • We make sure when the resistance at 0.02450 breaks.
  • If the support at 0.01615 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.0175 on 2019-08-09 and the trough at 0.01615 on 2019-09-06, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI resistance #1 at 47 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.01615 on 09/07/2019, so more gains to resistance(s) 0.01995, 0.02240 and maximum to Major Resistance (0.02450) 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 60.

Take Profits:

  1. 0.02240
  2. 0.02450
  3. 0.02750
  4. 0.03020
  5. 0.03330
  6. 0.04155
  7. 0.04850
  8. 0.05400
  9. 0.05850
  10. 0.06650
  11. 0.07200
  12. 0.08000
  13. 0.08550
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) free Tue, 15 Oct 2019
Ethereum / Bitcoin (ETHBTC) free Thu, 3 Oct 2019
Ethereum / Bitcoin (ETHBTC) Tue, 24 Sep 2019
Ethereum / Bitcoin (ETHBTC) Mon, 16 Sep 2019
Ethereum / Bitcoin (ETHBTC) Thu, 12 Sep 2019