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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

DateThu, 01/25/2018 - 12:24
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish
Open1083.664
High1156.592 on Tue, 01/16/2018 - 12:00
Low753.610 on Wed, 01/17/2018 - 15:30
Close1038.274
Description

Midterm forecast:

  • Although current trend is uptrend, but we forecast a downtrend wave would begin in Midterm.
  • Price may also reach 1660.000, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to Trend Hunter Strategy, and depends on personal strategies.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (980.000 to 838.000), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (980.000)
    • Support on 01/22/2018
    • Support on 01/21/2018
    • Support on 01/19/2018
    • Support on 01/18/2018
    • Support on 01/17/2018
    • Support on 01/16/2018
    • Support on 01/08/2018
    • Resistance on 01/05/2018
  • Ending of entry zone (838.000)
    • Support on 01/17/2018
    • Support on 01/16/2018
    • Support on 01/03/2018
    • Resistance on 12/21/2017
    • Resistance on 12/19/2017

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 52.

Take Profits:

  1. 1151.600
    • Resistance on 01/21/2018
    • Resistance on 01/20/2018
  2. 1325.300
    • Support on 01/14/2018
    • Resistance on 01/11/2018
  3. 1415.950
    • Resistance on 01/13/2018

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