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Weekly forecast Ethereum technical chart
Symbol ETHUSD
Trade Setup

#ETHUSD
Total Profit: 511204 point (398%)
Closed trade(s): 70924 point Profit
Open trade(s): 440280 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 1774.62(current price) - 1285.42(open price) = 48920 point (38%)
9 trade(s) still open, therefore total profit for open trade(s) is 48920 (38%) x 9 = 440280 point (342%)

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 19, 2023 - 13:02
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 1368.40 on 03/10/2023, so more gains maximum to Major Resistance (2030.00) 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 63.

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
Ethereum (ETHUSD) free Sun, 3 Mar 2024
Ethereum (ETHUSD) free Sat, 24 Feb 2024