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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trade Setup
#ETHBTC
Total Profit: 13 point
Closed trade(s): 13 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 12 BUY trade(s) @ 0.0207 based on 'Valley' entry method at 2019.09.17.

Closed Profit:
TP1 @ 0.0220 touched at 2019.09.19 with 13 point Profit.

11 other break-even trades closed at entry price, therefore no profit no loss.

#ETHBTC
Total Profit: 24 point
Closed trade(s): 0 point Profit
Open trade(s): 24 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 0.0205(current price) - 0.0203(open price) = 2 point
12 trade(s) still open, therefore total profit for open trade(s) is 2 x 12 = 24 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.

DateDecember 1, 2019 - 19:35
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

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 bounced from the uptrend #1 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • 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 below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

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) 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