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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trade Setup

#ETHBTC
Total Profit: 15902 pip (606%)
Closed trade(s): 5502 pip Profit (210%)
Open trade(s): 10400 pip Profit (396%)

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

Closed Profit:
TP1 @ 0.02650 touched at 2021.01.04 with 36 pip Profit (1%).
TP2 @ 0.02750 touched at 2021.01.04 with 136 pip Profit (5%).
TP3 @ 0.02950 touched at 2021.01.04 with 336 pip Profit (13%).
TP4 @ 0.03200 touched at 2021.01.04 with 586 pip Profit (22%).
TP5 @ 0.03350 touched at 2021.01.04 with 736 pip Profit (28%).
TP6 @ 0.04050 touched at 2021.01.24 with 1436 pip Profit (55%).
TP7 @ 0.04850 touched at 2021.04.27 with 2236 pip Profit (86%).
36 (1%) + 136 (5%) + 336 (13%) + 586 (22%) + 736 (28%) + 1436 (55%) + 2236 (86%) = 5502 pip (210%)

Open Profit:
Profit for one trade is 0.05214(current price) - 0.02614(open price) = 2600 pip (99%)
4 trade(s) still open, therefore total profit for open trade(s) is 2600 (99%) x 4 = 10400 pip (396%)

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 0.04600 is broken, we will close open trades.

DateMay 2, 2021 - 20:28
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 0.04600 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 0.04600 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.05175 on 04/29/2021, so more losses to support(s) 0.05200, 0.04850 and minimum to Major Support (0.04600) 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 78.

Take Profits:

  1. 0.02650
  2. 0.02750
  3. 0.02950
  4. 0.03200
  5. 0.03350
  6. 0.04050
  7. 0.04850
  8. 0.05700
  9. 0.06950
  10. 0.08550
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) new Sun, 20 Jun 2021
Ethereum / Bitcoin (ETHBTC) Sun, 13 Jun 2021
Ethereum / Bitcoin (ETHBTC) Sat, 5 Jun 2021
Ethereum / Bitcoin (ETHBTC) Sun, 30 May 2021
Ethereum / Bitcoin (ETHBTC) Tue, 25 May 2021