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Weekly forecast ETP / BIT technical chart
Symbol ETPBIT

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (35.85000 to 32.00000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 57.00, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 57.00 and expect to reach short-term targets.

  • Beginning of entry zone (35.85000)
    • Support on 10/23/2019
    • Support on 10/24/2019
    • Support on 10/25/2019
    • Support on 10/26/2019
    • Support on 10/27/2019
  • Ending of entry zone (32.00000)
    • Support on 10/23/2019
    • Support on 10/25/2019
    • Support on 10/26/2019

DateJanuary 26, 2020 - 17:30
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 32.00000, beginning of uptrend is expected.
  • We make sure when the resistance at 90.50000 breaks.
  • If the support at 32.00000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 68.13500 on 12/29/2019, so more losses to support(s) 35.85000 and minimum to Major Support (32.00000) 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 38.

Take Profits:

  1. 68.00000
  2. 90.50000
  3. 121.00000
  4. 155.00000
  5. 231.00000
  6. 284.93355
  7. 385.22050
  8. 566.58725
  9. 692.00000
  10. 1101.00000
Click on the level to view price action history.

Symbol Released Current Forecast
ETP / BIT (ETPBIT) Sat, 7 Aug 2021
ETP / BIT (ETPBIT) Sat, 31 Jul 2021
ETP / BIT (ETPBIT) Mon, 26 Jul 2021
ETP / BIT (ETPBIT) Sun, 18 Jul 2021
ETP / BIT (ETPBIT) Sun, 11 Jul 2021