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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trade Setup
#ETHBTC
Total Profit: -324 pip
Closed trade(s): 0 pip Profit
Open trade(s): -324 pip 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 0.0176(current price) - 0.0203(open price) = -27 pip
12 trade(s) still open, therefore total profit for open trade(s) is -27 x 12 = -324 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.

DateDecember 24, 2019 - 17:54
Currentrange bound
Forecastbeginning of uptrend

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:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.02180 on 11/19/2019, so more losses minimum to Major Support (0.01615) 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 28.

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) Mon, 11 Mar 2024
Ethereum / Bitcoin (ETHBTC) Tue, 20 Feb 2024
Ethereum / Bitcoin (ETHBTC) Tue, 30 Jan 2024
Ethereum / Bitcoin (ETHBTC) Wed, 10 Jan 2024
Ethereum / Bitcoin (ETHBTC) Wed, 10 Jan 2024