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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup
#ETHUSD
Total Profit: 214082 pip (784%)
Closed trade(s): 62572 pip Profit (229%)
Open trade(s): 151510 pip Profit (555%)

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 (5%).
TP2 @ 363.45 touched at 2020.08.01 with 9023 pip Profit (33%).
TP3 @ 475.30 touched at 2020.09.01 with 20208 pip Profit (74%).
TP4 @ 593.70 touched at 2020.11.23 with 32048 pip Profit (117%).
1293 (5%) + 9023 (33%) + 20208 (74%) + 32048 (117%) = 62572 pip (229%)

Open Profit:
Profit for one trade is 576.24(current price) - 273.22(open price) = 30302 pip (111%)
5 trade(s) still open, therefore total profit for open trade(s) is 30302 (111%) x 5 = 151510 pip (555%)

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 475.300 is broken, we will close open trades.

DateNovember 25, 2020 - 22:01
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 475.300 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 475.300 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 621.490 on 11/24/2020, so more losses to support(s) 488.300 and minimum to Major Support (475.300) 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 72.

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) Tue, 12 Jan 2021
Ethereum (ETHUSD) free Tue, 5 Jan 2021
Ethereum (ETHUSD) free Mon, 21 Dec 2020
Ethereum (ETHUSD) Tue, 8 Dec 2020
Ethereum (ETHUSD) Tue, 1 Dec 2020