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Weekly forecast Ethereum technical chart
Symbol ETHUSD
Trade Setup

#ETHUSD
Total Profit: 349834 point (272%)
Closed trade(s): 70924 point Profit
Open trade(s): 278910 point Profit

Trade Setup:
We opened 12 BUY trades @ 1285.42 based on 'Valley' entry method at 2022-11-30.

Closed Profit:
TP1 @ 1385.45 touched at 2023-01-11 with 10003 point Profit. (8%)
TP2 @ 1500.05 touched at 2023-01-14 with 21463 point Profit. (17%)
TP3 @ 1680.00 touched at 2023-02-02 with 39458 point Profit. (31%)
10003 (8%) + 21463 (17%) + 39458 (31%) = 70924 point (56%)

Open Profit:
Profit for one BUY trade is 1595.32(current price) - 1285.42(open price) = 30990 point (24%)
9 trade(s) still open, therefore total profit for open trade(s) is 30990 (24%) x 9 = 278910 point (216%)

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.

DateFebruary 24, 2023 - 19:55
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 2030.00, beginning of downtrend is expected.
  • We make sure when the support at 881.55 breaks.
  • If the resistance at 2030.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1742.95 on 02/16/2023, so more losses to support(s) 1500.05, 1461.95, 1385.45 and minimum to Major Support (881.55) 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 48.

Take Profits:

  1. 1385.45
  2. 1500.05
  3. 1680.00
  4. 2030.00
  5. 2488.19
  6. 2724.63
  7. 3146.52
  8. 3580.00
  9. 4140.98
  10. 4493.30
  11. 4868.00
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum (ETHUSD) Sun, 24 Mar 2024
Ethereum (ETHUSD) Sun, 17 Mar 2024
Ethereum (ETHUSD) free Sun, 10 Mar 2024
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Ethereum (ETHUSD) free Sat, 24 Feb 2024