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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup
#ETHUSD
Total Profit: 501013 pip
Closed trade(s): 375194 pip Profit
Open trade(s): 125819 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.
TP3 @ 475.30 touched at 2020.09.01 with 20208 pip Profit.
TP4 @ 593.70 touched at 2020.11.23 with 32048 pip Profit.
TP5 @ 752.20 touched at 2020.12.30 with 47898 pip Profit.
TP6 @ 911.30 touched at 2021.01.03 with 63808 pip Profit.
TP7 @ 1135.10 touched at 2021.01.04 with 86188 pip Profit.
TP8 @ 1420.50 touched at 2021.01.19 with 114728 pip Profit.
1293 + 9023 + 20208 + 32048 + 47898 + 63808 + 86188 + 114728 = 375194 pip

Open Profit:
Profit for one trade is 1531.41(current price) - 273.22(open price) = 125819 pip
1 trade(s) still open, therefore total profit for open trade(s) is 125819 x 1 = 125819 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 970.50 is broken, we will close open trades.
DateMarch 4, 2021 - 22:54
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 970.50 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 970.50 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 2034.45 on 2021-02-20, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 2035.370 on 02/13/2021, so more losses to support(s) 1421.300, 1295.050, 1205.100 and minimum to Major Support (970.500) 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 47.

Take Profits:

  1. 1659.700
  2. 1852.250
  3. 2034.450
  4. 2176.700
  5. 2500.000
  6. 3000.000
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.