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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup
#ETHUSD
Total Profit: 93371 pip
Closed trade(s): 10316 pip Profit
Open trade(s): 83055 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 273.22 based on 'Valley' entry method at 2020.07.23.

Closed Profit:
TP1 @ 286.15 touched at 2020.07.24 with 1293 pip Profit.
TP2 @ 363.45 touched at 2020.08.01 with 9023 pip Profit.
1293 + 9023 = 10316 pip

Open Profit:
Profit for one trade is 391.87(current price) - 273.22(open price) = 11865 pip
7 trade(s) still open, therefore total profit for open trade(s) is 11865 x 7 = 83055 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 286.15 is broken, we will close open trades.
DateAugust 23, 2020 - 18:59
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 286.15 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 286.15 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 447.500 on 08/17/2020, so more losses to support(s) 363.450 and minimum to Major Support (286.150) 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 54.

Take Profits:

  1. 286.150
  2. 363.450
  3. 475.300
  4. 593.700
  5. 752.200
  6. 911.300
  7. 1135.100
  8. 1420.500
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.