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Weekly forecast Ethereum technical chart
Symbol ETHUSD

Download MT4 template file

Trade Setup

#ETHUSD
Total Profit: 141814 pip
Closed trade(s): 32104 pip Profit
Open trade(s): 109710 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 443.196 (day close price) based on 'Trough (Valley)' at 2018.06.30.

Closed Profit:
TP1 @ 475.300 touched at 2018.07.03 with 32104 pip Profit.

Open Profit:
Profit for one trade is 455.386(current price) - 443.196(open price) = 12190 pip
9 trade(s) still open, therefore total profit for open trade(s) is 12190 x 9 = 109710 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.
DateJuly 19, 2018 - 17:10
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 272.65 would begin in Midterm.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 440.105 on 2018-06-13 and the trough at 394.575 on 2018-06-29, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased.
  • 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. 475.300
  2. 535.600
  3. 617.710
  4. 729.300
  5. 822.000
  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) new Mon, 22 Apr 2024
Ethereum (ETHUSD) Sun, 14 Apr 2024
Ethereum (ETHUSD) free Sun, 7 Apr 2024
Ethereum (ETHUSD) free Sun, 31 Mar 2024
Ethereum (ETHUSD) Sun, 24 Mar 2024
History
Daily-Trading-Opportunities on ETHUSD.