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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup

#ETHUSD
Total Profit: 1315220 pip
Closed trade(s): 707228 pip Profit
Open trade(s): 607992 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 420.243 based on 'Hammer' entry method at 2018.04.11.

Closed Profit:
TP1 @ 475.300 touched at 2018.04.12 with 55057 pip Profit.
TP2 @ 553.100 touched at 2018.04.19 with 132857 pip Profit.
TP3 @ 630.500 touched at 2018.04.22 with 210257 pip Profit.
TP4 @ 729.300 touched at 2018.05.03 with 309057 pip Profit.
55057 + 132857 + 210257 + 309057 = 707228 pip

Open Profit:
Profit for one trade is 521.575(current price) - 420.243(open price) = 101332 pip
6 trade(s) still open, therefore total profit for open trade(s) is 101332 x 6 = 607992 pip

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.
  • If the Midterm level 475.300 is broken, we will close open trades.
  • Price may also reach 475.300, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateTue, 06/12/2018 - 12:16
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 475.300 would begin in Midterm.
  • We will close our open trades, if the Midterm level 475.300 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 30 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 37.

Take Profits:

  1. 475.300
  2. 553.100
  3. 630.500
  4. 729.300
  5. 864.550
  6. 970.450
  7. 1151.600
  8. 1229.700
  9. 1415.950
Click on the level to view price action history.

Symbol Released Current Forecast
Ethereum (ETHUSD) Tue, 9 Oct 2018
Ethereum (ETHUSD) Wed, 3 Oct 2018
Ethereum (ETHUSD) Thu, 20 Sep 2018
Ethereum (ETHUSD) Thu, 13 Sep 2018
Ethereum (ETHUSD) Tue, 24 Jul 2018