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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trade Setup
#ETHBTC
Total Profit: 108 point
Closed trade(s): 0 point Profit
Open trade(s): 108 point Profit

Trade Setup:
We opened 12 BUY trade(s) @ 0.0203 based on 'Valley' entry method at 2019.11.05.

Open Profit:
Profit for one trade is 0.0212(current price) - 0.0203(open price) = 9 point
12 trade(s) still open, therefore total profit for open trade(s) is 9 x 12 = 108 point

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.

DateNovember 12, 2019 - 22:19
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:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.01885 on 10/25/2019, so more gains to resistance(s) 0.02195 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 58.

Take Profits:

  1. 0.02195
  2. 0.02450
  3. 0.02750
  4. 0.03020
  5. 0.03330
  6. 0.04155
  7. 0.04850
  8. 0.05400
  9. 0.06070
  10. 0.07200
  11. 0.08550
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) new Sun, 5 Jul 2020
Ethereum / Bitcoin (ETHBTC) Sun, 28 Jun 2020
Ethereum / Bitcoin (ETHBTC) Mon, 22 Jun 2020
Ethereum / Bitcoin (ETHBTC) Sun, 14 Jun 2020
Ethereum / Bitcoin (ETHBTC) Mon, 8 Jun 2020