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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trade Setup
#ETHBTC
Total Profit: 4574 pip (176%)
Closed trade(s): 1790 pip Profit (68%)
Open trade(s): 2784 pip Profit (108%)

Trade Setup:
We opened 11 BUY trade(s) @ 0.02614 based on 'Valley' entry method at 2021.01.03.

Closed Profit:
TP1 @ 0.02635 touched at 2021.01.04 with 21 pip Profit (1%).
TP2 @ 0.02745 touched at 2021.01.04 with 131 pip Profit (5%).
TP3 @ 0.02965 touched at 2021.01.04 with 351 pip Profit (13%).
TP4 @ 0.03185 touched at 2021.01.04 with 571 pip Profit (22%).
TP5 @ 0.03330 touched at 2021.01.04 with 716 pip Profit (27%).
21 (1%) + 131 (5%) + 351 (13%) + 571 (22%) + 716 (27%) = 1790 pip (68%)

Open Profit:
Profit for one trade is 0.03078(current price) - 0.02614(open price) = 464 pip (18%)
6 trade(s) still open, therefore total profit for open trade(s) is 464 (18%) x 6 = 2784 pip (108%)

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.
  • If the Midterm level 0.02745 is broken, we will close open trades.
  • Price may also reach 0.02745, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateJanuary 13, 2021 - 19:22
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 0.02745 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.02745 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI support #2 at 47 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.03379 on 01/10/2021, so more losses to support(s) 0.02965 and minimum to Major Support (0.02745) 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 54.

Take Profits:

  1. 0.02635
  2. 0.02745
  3. 0.02965
  4. 0.03185
  5. 0.03330
  6. 0.04045
  7. 0.04850
  8. 0.05695
  9. 0.06955
  10. 0.08550
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) new Thu, 4 Mar 2021
Ethereum / Bitcoin (ETHBTC) Mon, 22 Feb 2021
Ethereum / Bitcoin (ETHBTC) Tue, 16 Feb 2021
Ethereum / Bitcoin (ETHBTC) Sun, 7 Feb 2021
Ethereum / Bitcoin (ETHBTC) Sun, 31 Jan 2021