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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup
#ETHUSD
Total Profit: -8400 pip
Closed trade(s): 0 pip Profit
Open trade(s): -8400 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 231.74 based on 'Valley' entry method at 2019.08.05.

Open Profit:
Profit for one trade is 224.74(current price) - 231.74(open price) = -700 pip
12 trade(s) still open, therefore total profit for open trade(s) is -700 x 12 = -8400 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.

DateAugust 7, 2019 - 17:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 162.65, beginning of uptrend is expected.
  • We make sure when the resistance at 348.80 breaks.
  • If the support at 162.65 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 362.800 on 06/26/2019, so more losses to support(s) 190.800 and minimum to Major Support (162.650) is expected.
  • 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. 264.800
  2. 309.100
  3. 348.800
  4. 393.550
  5. 475.300
  6. 534.700
  7. 630.500
  8. 822.550
  9. 970.450
  10. 1229.700
  11. 1415.950
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum (ETHUSD) Sun, 24 Mar 2024
Ethereum (ETHUSD) Sun, 17 Mar 2024
Ethereum (ETHUSD) free Sun, 10 Mar 2024
Ethereum (ETHUSD) free Sun, 3 Mar 2024
Ethereum (ETHUSD) free Sat, 24 Feb 2024