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Weekly forecast Ethereum / Euro technical chart
Symbol ETHEUR

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Trade Setup
#ETHEUR
Total Profit: 34950 pip
Closed trade(s): 6047 pip Profit
Open trade(s): 28903 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 156.74 based on 'Valley' entry method at 2020.01.29.

Closed Profit:
TP1 @ 173.30 touched at 2020.02.03 with 1656 pip Profit.
TP2 @ 200.65 touched at 2020.02.07 with 4391 pip Profit.
1656 + 4391 = 6047 pip

Open Profit:
Profit for one trade is 198.03(current price) - 156.74(open price) = 4129 pip
7 trade(s) still open, therefore total profit for open trade(s) is 4129 x 7 = 28903 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.

DateFebruary 9, 2020 - 19:01
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 70.70 would begin in Midterm.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 102.35 on 12/18/2019, so more gains to resistance(s) 200.65, 229.00, 280.85 and more heights 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 82.

Take Profits:

  1. 173.30
  2. 200.65
  3. 229.00
  4. 280.85
  5. 464.35
  6. 585.35
  7. 670.00
  8. 1124.30
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Euro (ETHEUR) Sun, 14 Apr 2024
Ethereum / Euro (ETHEUR) Sun, 7 Apr 2024
Ethereum / Euro (ETHEUR) Sun, 31 Mar 2024
Ethereum / Euro (ETHEUR) Sun, 24 Mar 2024
Ethereum / Euro (ETHEUR) Sun, 17 Mar 2024