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Weekly forecast Ethereum technical chart
Symbol ETHUSD
Trade Setup

#ETHUSD
Total Profit: 326884 point (254%)
Closed trade(s): 70924 point Profit
Open trade(s): 255960 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 1569.82(current price) - 1285.42(open price) = 28440 point (22%)
9 trade(s) still open, therefore total profit for open trade(s) is 28440 (22%) x 9 = 255960 point (198%)

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.
DateMarch 4, 2023 - 16:33
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:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • 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 45.

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) new 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.