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Weekly forecast Ethereum / Bitcoin technical chart
Symbol ETHBTC

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Trade Setup

#ETHBTC
Total Profit: 17208 pip
Closed trade(s): 4578 pip Profit
Open trade(s): 12630 pip Profit

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

Closed Profit:
TP1 @ 0.06050 touched at 2018.04.11 with 576 pip Profit.
TP2 @ 0.07200 touched at 2018.04.24 with 1726 pip Profit.
TP3 @ 0.07750 touched at 2018.05.03 with 2276 pip Profit.
576 + 1726 + 2276 = 4578 pip

Open Profit:
Profit for one trade is 0.07579(current price) - 0.05474(open price) = 2105 pip
6 trade(s) still open, therefore total profit for open trade(s) is 2105 x 6 = 12630 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.
  • If the Midterm level 0.07200 is broken, we will close open trades.
  • Price may also reach 0.07200, 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.

DateMon, 06/18/2018 - 09:40
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.07200 would begin in Midterm.
  • We will close our open trades, if the Midterm level 0.07200 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 0.06050
  2. 0.07200
  3. 0.07750
  4. 0.08600
  5. 0.10000
  6. 0.11050
  7. 0.12150
  8. 0.15150
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Bitcoin (ETHBTC) Mon, 3 Sep 2018
Ethereum / Bitcoin (ETHBTC) Tue, 28 Aug 2018
Ethereum / Bitcoin (ETHBTC) Tue, 17 Jul 2018
Ethereum / Bitcoin (ETHBTC) Mon, 9 Jul 2018
Ethereum / Bitcoin (ETHBTC) free Mon, 18 Jun 2018