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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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Trade Setup
#ETHBTC
Total Profit: 1856 pip
Closed trade(s): 166 pip Profit
Open trade(s): 1690 pip Profit

Trade Setup:
We opened 14 BUY trade(s) @ 0.02074 based on 'Valley' entry method at 2019.09.17.

Closed Profit:
TP1 @ 0.02240 touched at 2019.10.09 with 166 pip Profit.

Open Profit:
Profit for one trade is 0.02204(current price) - 0.02074(open price) = 130 pip
13 trade(s) still open, therefore total profit for open trade(s) is 130 x 13 = 1690 pip

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.

DateTue, 10/15/2019 - 19:38
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.
  • While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 0.01870 on 09/24/2019, so more gains to resistance(s) 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 59.

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) Tue, 12 Nov 2019
Ethereum / Bitcoin (ETHBTC) Wed, 6 Nov 2019
Ethereum / Bitcoin (ETHBTC) free Fri, 25 Oct 2019
Ethereum / Bitcoin (ETHBTC) free Tue, 15 Oct 2019
Ethereum / Bitcoin (ETHBTC) free Thu, 3 Oct 2019