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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trade Setup

#ETHBTC
Total Profit: 4509 pip
Closed trade(s): 0 pip Profit
Open trade(s): 4509 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.05474 based on 'Hammer' entry method at 2018.04.04.

Open Profit:
Profit for one trade is 0.05975(current price) - 0.05474(open price) = 501 pip
9 trade(s) still open, therefore total profit for open trade(s) is 501 x 9 = 4509 pip

DateWed, 04/11/2018 - 10:14
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.02200, resumption of uptrend is expected.
  • We make sure when the resistance at 0.07200 breaks.
  • If the support at 0.02200 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 48.

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, the description can also be found below the image.

Take Profits:

  1. 0.06050
  2. 0.07200
  3. 0.07750
  4. 0.08600
  5. 0.10000
  6. 0.11060
  7. 0.12160
  8. 0.15140
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) new Tue, 17 Jul 2018
Ethereum / Bitcoin (ETHBTC) Mon, 9 Jul 2018
Ethereum / Bitcoin (ETHBTC) free Mon, 18 Jun 2018
Ethereum / Bitcoin (ETHBTC) Tue, 12 Jun 2018
Ethereum / Bitcoin (ETHBTC) free Wed, 6 Jun 2018