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Weekly forecast Ethereum technical chart
Symbol ETHUSD

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Trade Setup
#ETHUSD
Total Profit: 537273 pip (1966%)
Closed trade(s): 375194 pip Profit (1373%)
Open trade(s): 162079 pip Profit (593%)

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%).
TP5 @ 752.20 touched at 2020.12.30 with 47898 pip Profit (175%).
TP6 @ 911.30 touched at 2021.01.03 with 63808 pip Profit (234%).
TP7 @ 1135.10 touched at 2021.01.04 with 86188 pip Profit (315%).
TP8 @ 1420.50 touched at 2021.01.19 with 114728 pip Profit (420%).
1293 (5%) + 9023 (33%) + 20208 (74%) + 32048 (117%) + 47898 (175%) + 63808 (234%) + 86188 (315%) + 114728 (420%) = 375194 pip (1373%)

Open Profit:
Profit for one trade is 1894.01(current price) - 273.22(open price) = 162079 pip (593%)
1 trade(s) still open, therefore total profit for open trade(s) is 162079 (593%) x 1 = 162079 pip (593%)

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 1420.00 is broken, we will close open trades.

DateFebruary 18, 2021 - 11:26
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1420.00 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 1420.00 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 1347.9 on 2021-01-10 and the peak at 1871.95 on 2021-02-13, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1650.600 on 02/15/2021, so more gains to resistance(s) 2000.000, 2176.700, 2500.000 and more heights 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 69.

Take Profits:

  1. 1824.400
  2. 2000.000
  3. 2176.700
  4. 2500.000
  5. 3000.000
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum (ETHUSD) Sun, 14 Apr 2024
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