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Weekly forecast Ethereum / Euro technical chart
Symbol ETHEUR

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (85.20 to 70.46). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (85.20)
    • Resistance on 05/15/2017
    • Resistance on 05/18/2017
    • Support on 11/27/2018
    • Support on 12/05/2018
    • Resistance on 12/17/2018
    • Resistance on 12/18/2018
    • Support on 12/20/2018
    • Support on 01/28/2019
    • Support on 02/06/2019
    • Support on 03/13/2020
    • Support on 03/16/2020
  • Ending of entry zone (70.46)
    • Support on 12/07/2018
    • Support on 12/11/2018
    • Support on 12/13/2018
    • Support on 12/14/2018
    • Support on 12/17/2018

DateApril 23, 2020 - 18:39
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 70.46, beginning of uptrend is expected.
  • We make sure when the resistance at 263.22 breaks.
  • If the support at 70.46 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
  • A trough is formed in daily chart at 134.90 on 04/16/2020, so more gains to resistance(s) 189.60, 229.00 and maximum to Major Resistance (263.22) 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 64.

Take Profits:

  1. 114.55
  2. 141.35
  3. 160.13
  4. 189.60
  5. 229.00
  6. 263.22
  7. 312.61
  8. 464.35
  9. 585.35
  10. 670.00
  11. 1124.30
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum / Euro (ETHEUR) Sun, 24 Mar 2024
Ethereum / Euro (ETHEUR) Sun, 17 Mar 2024
Ethereum / Euro (ETHEUR) Sun, 10 Mar 2024
Ethereum / Euro (ETHEUR) Sun, 3 Mar 2024
Ethereum / Euro (ETHEUR) Sat, 24 Feb 2024