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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trade Setup
#ETHBTC
Total Profit: 2146 pip (72%)
Closed trade(s): 218 pip Profit (8%)
Open trade(s): 1928 pip Profit (64%)

Trade Setup:
We opened 9 BUY trade(s) @ 0.02867 based on 'Valley' entry method at 2020.11.06.

Closed Profit:
TP1 @ 0.03085 touched at 2020.11.22 with 218 pip Profit (8%).

Open Profit:
Profit for one trade is 0.03108(current price) - 0.02867(open price) = 241 pip (8%)
8 trade(s) still open, therefore total profit for open trade(s) is 241 (8%) x 8 = 1928 pip (64%)

#ETHBTC
Total Profit: -1217 pip (-34%)
Closed trade(s): 43 pip Profit (1%)
Open trade(s): -1260 pip Profit (-35%)

Trade Setup:
We opened 8 BUY trade(s) @ 0.03287 based on 'Valley' entry method at 2020.10.11.

Closed Profit:
TP1 @ 0.03330 touched at 2020.10.12 with 43 pip Profit (1%).

Open Profit:
Profit for one trade is 0.03107(current price) - 0.03287(open price) = -180 pip (-5%)
7 trade(s) still open, therefore total profit for open trade(s) is -180 (-5%) x 7 = -1260 pip (-35%)

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 22, 2020 - 22:28
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.02450, resumption of uptrend is expected.
  • We make sure when the resistance at 0.03330 breaks.
  • If the support at 0.02450 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 0.02630 on 11/19/2020, so more gains maximum to Major Resistance (0.03330) 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 62.

Take Profits:

  1. 0.03085
  2. 0.03330
  3. 0.03600
  4. 0.04045
  5. 0.04850
  6. 0.05695
  7. 0.06955
  8. 0.08550
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) Wed, 13 Jan 2021
Ethereum / Bitcoin (ETHBTC) Tue, 5 Jan 2021
Ethereum / Bitcoin (ETHBTC) free Sun, 3 Jan 2021
Ethereum / Bitcoin (ETHBTC) free Sun, 27 Dec 2020
Ethereum / Bitcoin (ETHBTC) Mon, 21 Dec 2020