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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup

#ETHUSD
Total Profit: 1299984 pip (4759%)
Closed trade(s): 733140 pip Profit (2683%)
Open trade(s): 566844 pip Profit (2076%)

Trade Setup:
We opened 14 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 @ 1659.70 touched at 2021.02.04 with 138648 pip Profit (507%).
TP9 @ 1852.25 touched at 2021.02.12 with 157903 pip Profit (578%).
TP10 @ 2034.45 touched at 2021.02.20 with 176123 pip Profit (645%).
1293 (5%) + 9023 (33%) + 20208 (74%) + 32048 (117%) + 47898 (175%) + 63808 (234%) + 86188 (315%) + 138648 (507%) + 157903 (578%) + 176123 (645%) = 733140 pip (2683%)

Open Profit:
Profit for one trade is 1690.33(current price) - 273.22(open price) = 141711 pip (519%)
4 trade(s) still open, therefore total profit for open trade(s) is 141711 (519%) x 4 = 566844 pip (2076%)

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1375.000 to 1300.000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1375.000)
    • Resistance on 01/21/2021
    • Resistance on 01/24/2021
    • Resistance on 01/25/2021
    • Resistance on 01/26/2021
    • Resistance on 01/27/2021
    • Resistance on 01/28/2021
    • Resistance on 01/29/2021
    • Support on 02/23/2021
    • Support on 02/26/2021
    • Support on 02/28/2021
  • Ending of entry zone (1300.000)
    • Support on 01/14/2018
    • Support on 01/15/2018
    • Resistance on 01/07/2021
    • Resistance on 01/09/2021
    • Resistance on 01/10/2021
    • Resistance on 01/11/2021
    • Resistance on 01/16/2021
    • Support on 01/20/2021
    • Support on 01/29/2021
    • Support on 02/28/2021
DateMarch 23, 2021 - 11:42
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1300.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.

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 1939.850 on 03/14/2021, so more losses to support(s) 1630.000, 1375.000 and minimum to Major Support (1300.000) 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. 1630.000
  2. 1852.250
  3. 2035.000
  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.