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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup
#ETHUSD
Total Profit: -98208 pip
Closed trade(s): 0 pip Profit
Open trade(s): -98208 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 149.90(current price) - 231.74(open price) = -8184 pip
12 trade(s) still open, therefore total profit for open trade(s) is -8184 x 12 = -98208 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.
DateDecember 9, 2019 - 11:01
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 80.35, beginning of uptrend is expected.
  • We make sure when the resistance at 224.50 breaks.
  • If the support at 80.35 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 190.8 on 2019-07-16 and the trough at 153.75 on 2019-09-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 133.110 on 11/25/2019, so more gains to resistance(s) 162.650, 190.800 and maximum to Major Resistance (224.500) 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 39.

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, 14 Apr 2024
Ethereum (ETHUSD) free Sun, 7 Apr 2024
Ethereum (ETHUSD) free Sun, 31 Mar 2024
Ethereum (ETHUSD) Sun, 24 Mar 2024
Ethereum (ETHUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on ETHUSD.